Bristol-Myers Squibb Company (BMY) held onto strong gains in its latest intraday trading, ending a session marked by volatility during which the stock attempted to take profits from its previous advances. This comes amid the dominance of a short-term ascending corrective trend, with the price moving alongside a supporting trendline, and continued dynamic support from trading above its previous 50-day SMA. In addition, positive signals continue to flow from the RSI indicators after the stock successfully relieved its overbought condition, giving it greater room to achieve further gains in the near term.

Therefore we expect the stock to rise in its upcoming trading, as long as the support level at $50.75 remains intact, targeting the first resistance level at $57.65.

Today’s price forecast: Bullish

The price of (ETHUSD) declined in the last intraday trading, amid the continuation of the negative pressure due to its trading below EMA50, reducing the chances of the recovery on the near-term basis, especially with the emergence of negative signals on relative strength indicators, after reaching overbought levels, leaning on the support of bullish corrective trend line on the short-term basis.

Bitcoin (BTCUSD) prices declined in their last intraday trading, with the emergence of the negative signals on the relative strength indicators, after forming negative divergence that intensifies the negative pressure around the price, amid the continuation of the negative pressure due to its trading below EMA50, affected by breaking bullish corrective trend line previously on the short-term basis.

Brent crude oil’s price extended its gains in its recent intraday trading, attempting to correct the main bearish trend on the short-term basis, amid its trading alongside steep minor bearish trend line, to retest $60.00 resistance, supported by the emergence of the positive signals on the relative strength indicators, reaching exaggerated overbought levels compared to the price move, to indicate a quick decline for the bullish momentum.