Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Didi Global’s stock price (DIDIY) fell in the intraday levels, after the pivotal resistance of $5.00 held on, as the stock tries to gather positive momentum and pierce that resistance, amid the dominance of the upward short-term trend, with positive support from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels.
Therefore we expect the stock to return higher, targeting the resistance of $5.75, provided the initial resistance of $5.00 was reliably breached.
Trend forecast: Likely Bullish