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Facebook shakes off negative pressure - Analysis - 05-04-2022

Economies.com
2022-04-05 11:16AM UTC

Facebook' stock (FB) rose 4.02% in the last session, settling at 233.89, while buoyed by a positive pattern that formed in the short term, the Double Bottom pattern, succeeding thereafter in shaking off negative pressure from the 50-day SMA.

 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 248.00, provided the support of 213.40 holds on.

 

Expected trend for today: Bullish

eBay leans on SMA support - Analysis - 05-04-2022

Economies.com
2022-04-05 11:16AM UTC

eBay's stock (EBAY) fell 1.70% in the last session, amid negative signals from the RSI, leaning on the 50-day SMA amid attempts to gather momentum anew, while buoyed by piercing the downward trend line previously. 

 

Therefore we expect the stock to return higher, targeting the resistance of 60.65, provided the support of 55.95 holds on.

 

Expected trend for today: Bullish

Cisco receives positive support - Analysis - 05-04-2022

Economies.com
2022-04-05 11:15AM UTC

Cisco Systems' stock rose 0.38% in the last session after leaning on the support of the 50-day SMA, lending it positive momentum, amid the dominance of the main upward trend in the medium term, countered by negative signals from the RSI.

 

Therefore we expect more gains for the stock, targeting the resistance of 59.70, provided the support of 54.15 holds on.

 

Expected trend for today: Bullish

Midday update for Wheat price 05-04-2022

Economies.com
2022-04-05 10:51AM UTC

Wheat price shows additional positive trades to attack 1043.30 and attempts to hold above it, which urges caution from the upcoming trading, as confirming the breach will stop the correctional bearish scenario and lead the price to resume the main bullish trend again, to head towards achieving gains that start by testing 1114.00 areas.

 

The expected trading range for today is between 1010.00 support and 1070.00 resistance.

The expected trend for today: Bearish