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Dollar Tree climbs cautiously - Analysis - 01-03-2024

Economies.com
2024-03-01 11:01AM UTC

Dollar Tree’s stock (DLTR) advanced in the intraday levels, amid the dominance of the upward correctional trend in the short term alongside the trend line, with positive pressure from the 50-day SMA, countered with negative signals from the RSI after reaching overbought levels. 

 

Therefore we expect more gains for the stock, targeting the first resistance of 154.80, provided it settles above 145.00. 

 

Expected trend for today: Bullish 

Coca-Cola tries to gather positive momentum - Analysis - 01-03-2024

Economies.com
2024-03-01 11:00AM UTC

Coca-Cola Company’s stock (KO) fell in the intraday levels, with negative signals from the RSI after reaching overbought levels, amid attempts to vent off overbought saturation, thus learning on the support of the 50-day SMA as the stock tries to gather momentum to rise again, amid the dominance of the upward correctional trend in the short term. 

 

Therefore we expect the stock to return higher, targeting the first resistance of 63.27, provided the support of 60.00 holds on.

 

Expected trend for today: Likely Bullish 

Marriott International tries to pierce current resistance - Analysis - 01-03-2024

Economies.com
2024-03-01 10:55AM UTC

Marriott International’s stock (MAR) rose in the intraday levels, tackling the important resistance of 250.00, amid the dominance of the main upward trend in the medium term, while trading alongside the secondary short-term trend line, as the stock trades above the 50-day SMA, countered with negative signals from the RSI.

 

Therefore we expect the stock to rise and target the resistance of 261.80, provided the initial resistance of 250.00 is reliably breached. 

 

Expected trend for today: Likely Bullish 

 

 

Midday update for Brent oil 01-03-2024

Economies.com
2024-03-01 10:40AM UTC

Brent oil price shows positive trades now to test the sideways range’s resistance line that appears on the chart, and the price still within this range that its lines represented by 81.00 support and 83.87 resistance, waiting to surpass one of these levels to detect the next targets clearly.

 

The technical indicators still contradicted and keep the sideways scenario valid, reminding you that breaking the mentioned support will put the price under negative pressure that its targets begin at 79.30 and extend to 77.44, while breaching the resistance represents the key to rally towards 85.00 as a next positive station.

 

The expected trading range for today is between 81.70 support and 84.80 resistance.

 

The expected trend for today: Sideways