Baidu, Inc. (BIDU) stock jumped higher in its latest intraday trading, with the short-term main bullish trend fully in control. Continued positive pressure comes from trading above its previous 50-day SMA. On the other hand, negative signals have started to appear in the Stochastic indicators after reaching strongly overbought levels, which may limit the stock’s upcoming gains.
Therefore, we expect the stock to rise in its upcoming trading, to target the important and nearby resistance level of 115.00, while this positive scenario remains valid as long as the support level of 105.20 holds.
Today’s price forecast: Bullish.
Monster Beverage Corporation (MNST) stock resumed its rise in its latest intraday trading, driven by positive signals appearing in the Stochastic indicators. The short-term main bullish trend remains in control, with trading moving along an upward slope line that supports this path, while dynamic support continues from trading above its previous 50-day SMA.
Therefore, we expect the stock to rise in its upcoming trading, as long as it remains stable above the support level of 61.00, to then target the resistance level of 68.00.
Today’s price forecast: Bullish.
ASML Holding N.V. (ASML) stock advanced in its latest intraday trading, preparing to test the key resistance level of 819.50. Continued positive pressure from trading above its previous 50-day SMA supports the stability of the short-term main bullish trend, with trading moving along an upward slope line. On the other hand, a negative crossover has started to appear in the Stochastic indicators after reaching strongly overbought levels, which may hinder further gains in the near term.
Therefore, we expect the stock to rise in its upcoming trading, but on the condition that it first breaks the mentioned resistance of 819.50, to then directly target its next resistance at 865.90.
Today’s price forecast: Bullish.
GameStop Corporation (GME) stock extended its gains in its latest intraday trading, successfully breaking above the key resistance level of 24.50. This significantly increases the chances of extending the short-term corrective bullish trend, especially with the stock continuing to trade above its previous 50-day SMA, which provides renewed positive momentum. Additional support comes from positive signals in the Stochastic indicators, despite being in strongly overbought territory.
High-risk warning: GME belongs to the so-called “meme stocks,” which are characterized by extreme speculative trading. As a result, the stock’s movement often deviates from technical expectations or financial reports and can sometimes be highly unpredictable.
Therefore, we expect the stock to rise in its upcoming trading, provided it confirms the breakout of the mentioned resistance at 24.50 and holds above it, to then target its next resistance at 28.40.
Today’s price forecast: Bullish.