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Eli Lilly receives positive support - Analysis - 21-11-2023

Economies.com
2023-11-21 11:32AM UTC

Eli Lilly and Company's stock (LLY) rose in the intraday levels, while leaning on the support of the 50-day SMA, lending the stock positive momentum, amid the dominance of the main upward trend in the short term, with positive signals from the RSI, after managing to vent off its overbought saturation.

 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 630.00, provided the support of 557.40 holds on.

 

Expected trend for today: Bullish 

CVS suffers from negative pressures - Analysis - 21-11-2023

Economies.com
2023-11-21 11:32AM UTC

CVS Health Corporation's stock (CVS) fell in the intraday levels, amid negative pressure from the 50-day SMA, with the dominance of the main downward trend in the medium term, with negative signals from the RSI.

 

Therefore we expect more losses for the stock, targeting the pivotal support of 65.00, provided the resistance of 72.60 holds on.

 

Expected trend for today: Bearish 

eBay gives in to negative pressures - Analysis - 21-11-2023

Economies.com
2023-11-21 11:32AM UTC

eBay's stock (EBAY) fell in the intraday levels, after the pivotal resistance of 40.13 held on, while trading alongside the downward secondary trend line in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels.

 

Therefore we expect more losses for the stock, targeting the pivotal support of 35.90, provided the resistance of 40.13 holds on.

 

Expected trend for today: Bearish 

Taiwan Semiconductor readies to tackle current resistance - Analysis - 21-11-2023

Economies.com
2023-11-21 11:31AM UTC

Taiwan Semiconductor Manufacturing Company's stock (TSM) rose in the intraday levels, while preparing to tackle the secondary resistance of 101.75, amid the dominance of the main upward trend in the medium term, as the stock is buoyed by piercing the downward correctional trend line previously in the short term, with positive pressure from the 50-day SMA.

 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 110.70, provided the resistance of 101.75 was breached. 

 

Expected trend for today: Bullish