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Delta Airlines dominated by downward correctional trend - Analysis - 08-09-2023
Delta Airlines' stock (DAL) fell in the intraday levels, amid the dominance of the downward correctional trend in the short term, with negative signals from the RSI after reaching overbought levels, with negative pressure from the 50-day SMA.
Therefore we expect more losses for the stock, targeting the important support of 40.30.
Expected trend for today: Bearish
General Motors sharpens losses - Analysis - 08-09-2023
General Motors Company's stock (GM) fell in the intraday levels, amid negative pressure from the 50-day SMA, with negative signals from the RSI despite settling at oversold levels, while dominated by the downward medium-term trend.
MoreBlackRock suffers from negative pressures - Analysis - 08-09-2023
BlackRock's stock (BLK) fell in the intraday levels, with negative signals from the RSI after reaching overbought levels, with negative pressure from the 50-day SMA, as the stock trades below it, while also hurt by piercing the secondary upward trend in the short term.
MoreMidday update for Brent oil 08-09-2023
Brent oil price shows strong positive trades to test the key resistance 90.85, and as we mentioned this morning, the price needs to hold below this level to keep the bearish trends scenario active for today, which its first target located at 89.25.
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