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Didi Global readies to tackle pivotal resistance - Analysis - 28-02-2024

Economies.com
2024-02-28 10:42AM UTC

Didi Global’s stock (DIDIY) inched down in the intraday levels while gathering positive momentum to tackle the pivotal resistance of 4.08, as it also vented off overbought saturation in the RSI, amid the dominance of the main upward trend while trading alongside the secondary short-term trend line, with positive pressure from the 50-day SMA.

 

Therefore we expect the stock to rise anew and target the pivotal resistance of 4.08. 

 

Expected trend for today: Likely Bullish 

Blackstone receives positive support - Analysis - 28-02-2024

Economies.com
2024-02-28 10:42AM UTC

Blackstone’s stock (BX) rose in the intraday levels, amid the dominance of the main upward trend in the medium and short terms, while leaning on the support of the 50-day SMA, lending it positive momentum, as the RSI reached oversold levels.

 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 133.40, provided the support of 122.00 holds on.

 

Expected trend for today: Bullish 

Baker Hughes emits more signals of weakness - Analysis - 28-02-2024

Economies.com
2024-02-28 10:41AM UTC

Baker Hughes Company’s stock (BKR) fell in the intraday levels, amid the dominance of the downward correctional trend in the short term, with negative pressure from the 50-day SMA, coupled with negative divergence in the RSI after reaching overbought levels compared to the stock’s movements.

 

Therefore we expect more losses for the stock, targeting the support of 28.35, provided the resistance of 30.50 holds on.

 

Expected trend for today: Bearish 

Midday update for the NZDUSD 28-02-2024

Economies.com
2024-02-28 10:11AM UTC

The NZDUSD pair shows more strong decline to approach the new waited target at 0.6070, reminding you that surpassing this level will put the price under additional negative pressure to reach 0.6000 as a next main station.

 

The negative effect of the head and shoulders’ pattern pushes the price to continue the decline in the upcoming sessions, while holding below 0.6140 represents key condition to the continuation of the bearish trend.

 

The expected trading range for today is between 0.6040 support and 0.6150 resistance

 

The expected trend for today: Bearish