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Facebook sharpens decline - Analysis - 29-06-2020

Economies.com
2020-06-29 13:48PM UTC

Facebook's stock kept falling in the intraday levels while piercing the support of the 50-day SMA after breaching the upside short-term trend line previously, with negative signals from the RSI and a surge in trading volumes. 

 

Therefore we expect more losses for the stock, targeting the first support at 200.70, provided the resistance of 223.17 holds on. 

 

Expected trend for today: Bearish 

Google surrounded with negative signals - Analysis - 29-06-2020

Economies.com
2020-06-29 13:48PM UTC

Google's stock slid after piercing the support of the ascending price channel recently, breaking through the support of the 50-day SMA as well, doubling pressures amid negative signals from the RSI. 

 

Therefore we expect more losses for the stock, targeting the first support at 1298.48, provided it holds below 1385.30. 

 

Expected trend for today: Bearish 

Intel extends losses - Analysis - 29-06-2020

Economies.com
2020-06-29 13:48PM UTC

Intel's stock kept falling in the short term on track for the fifth loss in a row while hurt by piercing the upward correctional trend line recently, with pressure from the 50-day SMA, coupled with negative signals from the RSI despite reaching oversold levels. 

 

Therefore we expect more losses for the stock, targeting the next support at 55.97. 

 

Expected trend for today: Bearish 

Midday update for Wheat price 29-06-2020

Economies.com
2020-06-29 09:29AM UTC

Wheat price shows tight trading since morning, settling around 475.00, thus, no change to the bearish trend scenario that depends on the price stability below 483.20, supported by the negative pressure formed by the EMA50, reminding you that our main waited target is located at 450.00.

 

The expected trading range for today is between 465.00 support and 480.00 resistance.

The expected trend for today: Bearish