Baidu’s stock price (BIDU) fell in latest intraday trading, amid ongoing negative pressure due to trading below the 50-day SMA, amid the dominance of the main downward trend as it trades alongside the secondary short-term trend line, with negative signals streaming from the Stochastic despite reaching oversold levels.
Therefore we expect more losses for the price, provided the resistance of $91.70 holds on, targeting the pivotal support of $77.20.
Today’s price forecast: Bearish
United States Steel Corporation’s stock price (X) rallied in latest intraday trading, while managing to pierce the pivotal resistance of $50.20, accompanied by a surge in trading volumes, amid the dominance of the upward short-term trend, with ongoing positive support due to trading above the 50-day SMA, coupled with positive signals from the Stochastic.
Therefore we expect more gains for the price, especially as it settles above $50.20, targeting the resistance of $64.50.
Today’s price forecast: Bullish
The price of (ETHUSD) jumped higher in its last intraday trading, breaching the current resistance level at $2,585, amid the emergence of the positive signals on the (RSI), supported by its continuous trading above its EMA50, and under the dominance of the main bullish trend on the short-term basis.
The price of (Bitcoin) rose in its last intraday trading, to attack the psychological resistance level at $110,000, amid the dominance of the main bullish trend and its trading alongside a minor bias line on the short-term basis, with the beginning of the emergence of the positive signals on the (RSI), after it success in offloading its overbought conditions.