Costco Wholesale Corporation’s price (COST) rallied in latest intraday trading, after receiving a strong boost from leaning on the 50-week SMA as shown in the attached weekly chart, coinciding with a lean on the upward secondary trend line, thus doubling positive pressures, especially as positive signals start streaming from the Stochastic after reaching oversold levels.
Therefore we expect more gains for the price in upcoming intraday trading, provided it holds firmly above the main support of $900, targeting the pivotal resistance at $1,078.
Today’s price forecast: Bullish
Oracle Corporation’s stock price (ORCL) rallied in latest intraday trading after the support of $125.75 held on, while a positive divergence started to form in the Stochastic, with positive signals emerging from it, as the price readies to tackle the ceiling of a positive technical pattern that’s forming in the short term, the Falling Wedge pattern, with the upcoming period crucial in determining the stock’s future trend.
Therefore we stand neutral until the price moves on the resistance of $143.95, with a breach confirming the Falling Wedge pattern and its positive impact on the price, thus targeting the first important resistance at $167.40.
Today’s price forecast: Neutral
NEIRO currency price (NEIROUSDT) fell in latest intraday trading, amid the dominance of the main downward trend, as the price trades below the 50-day SMA, countered with positive signals from the Stochastic after reaching oversold levels, granting the price some momentum, thus holding on and engaging in sideways trading.
We expect the price to decline in upcoming intraday trading, provided the resistance of $0.00031874 holds on, targeting the historic support at $0.00003118.
Today’s price forecast: Bearish
SOL/USD price edged higher in latest intraday trading after testing the main and pivotal support of $100, granting the price some positive momentum, which helped it rebound, with positive signals from the Stochastic after reaching oversold levels.
Therefore we expect the price to rise in upcoming trading, provided the support of $100 holds on, targeting the resistance of $147.50.
Today’s price forecast: Bullish