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Cisco Systems collects profits - Analysis - 25-01-2024
Cisco Systems' stock (CISCO) fell in the intraday levels on profit-taking, while venting off overbought saturation in the RSI, with negative signals from the RSI, while gathering momentum to rise anew, as the stock is hurt by piercing the downward correctional trend line previously in the short term, with positive pressure from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the resistance of 54.60, provided it settles above 51.00.
Expected trend for today: Likely Bullish
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JPMorgan readies to tackle pivotal resistance - Analysis - 25-01-2024
JPMorgan Chase's stock (JPM) rose in the intraday levels, amid the dominance of the main upward trend in the medium term, while trading alongside the secondary short-term trend line, with positive pressure from the 50-day SMA, coupled with positive signals rom the RSI after reaching oversold levels.
MoreMidday update for Brent oil 25-01-2024
Brent oil price shows new positive trades to touch 81.00 level and attempts to breach it, to support the expectations of continuing the bullish trend in the upcoming sessions, reminding you that confirming the breach will push the price towards 83.87 areas as a next main station.
MoreMidday update for Crude oil 25-01-2024
Crude oil price resumes its positive trading clearly now to surpass 76.00 barrier and reinforce the expectations of continuing the bullish trend in the upcoming sessions, and the way is open to achieve our main waited target at 77.86, noting that breaching this level will extend the bullish wave to reach 81.20 on the near-term basis, while the expected rise will remain valid unless breaking 73.73 and holding below it.
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