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Comcast rises alongside the downward trend line - Analysis - 16-08-2022
Comcast's stock (CMCSA) rose amid positive signals from the RSI after reaching oversold levels, with the stock rising 1.43%, or 57 cents, and settling at 40.57, therefore touching the resistance of the 50-day SMA, amid the dominance of the main downward trend in the short term.
Therefore we expect the stock to return lower, targeting the support of 36.57, provided the resistance of 42.85 holds on.
Expected trend for today: Bearish
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Apple extends gains - Analysis - 16-08-2022
Apple's stock advanced in the intraday levels amid the dominance of the upward correctional short-term wave, alongside the very steep trend line, indicating the strength of the upside trend, with the stock rising 0.63% in the last session, or 1.09 points, settling at 173.19, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI.
MoreAmazon stalls - Analysis - 16-08-2022
Amazon's stock (AMZN) fell amid attempts to gather positive momentum to climb anew, marking a loss of 0.26%, or 37 cents, and settling at 143.18, while buoyed by a positive pattern that formed in the short term, the Double Bottom pattern, with positive support from the 50-day SMA.
MoreMidday update for the NZDUSD 16-08-2022
The NZDUSD pair touched the first negative target at 0.6320 and presses negatively on it, to support the chances of extending the bearish wave to head to target 0.6260 as a next main station, to continue suggesting the bearish trend for the rest of the day as long as 0.6380 remains intact.
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