Coinbase Global’s stock price (COIN) gained ground in latest intraday trading, boosted by positive signals from the Stochastic, while trying to recoup some recent losses, amid the dominance of the downward correctional trend in the short term, as the price trades alongside the trend line, with ongoing negative pressure due to trading below the 50-day SMA.
Therefore we expect the price to return lower in upcoming trading, targeting the pivotal support of $147.35, provided the resistance of $206.90 holds on.
Today’s price forecast: Bearish
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Uber Technologies’ stock price rose in the last session amid the dominance of the upward trend, as the price trades alongside the trend line with positive signals emerging from the Stochastic, thus readying to tackle the resistance of $73.40, as the price also tries to shake off negative pressure from the 50-day SMA and recover completely.
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