GameStop Corporation (GME) stock price recorded slight gains in its latest intraday trading, amid the dominance of a short-term corrective bullish wave, with price moving alongside a supporting trendline. The stock also benefits from continued positive dynamic pressure as it trades above its 50-day SMA, in addition to positive signals from the Stochastic indicator after reaching deeply oversold levels.

High-risk warning: GME belongs to a group of stocks known as meme stocks, which are characterized by intense speculative trading activity. As a result, price movements often deviate from technical expectations or financial reports and can be sudden and unpredictable.

Therefore we expect the stock price to rise during its upcoming trading sessions, as long as support at $22.80 remains intact, targeting the resistance level at $25.90.

Today’s price forecast: Bullish

Pinduoduo Inc. (PDD) stock price recorded continued declines in its latest intraday trading, amid the dominance of a short-term corrective bearish trend, while moving alongside a trendline supporting this path. The stock remains under negative dynamic pressure as it continues to trade below its 50-day SMA, in addition to the emergence of negative signals from the Stochastic indicator after reaching extremely overbought levels.

Therefore we expect the stock price to decline during its upcoming trading sessions, as long as resistance at $108.00 remains intact, targeting the support level at $98.70.

Today’s price forecast: Bearish

International Business Machines Corporation (IBM) stock price recorded stability with gains in its latest intraday trading, after managing to ease its oversold conditions on the Stochastic indicator. This comes amid the dominance of a steep short-term corrective bearish wave, following the break of a main bullish trendline, while the stock continues to face negative dynamic pressure from trading below its 50-day SMA, which increases the surrounding downside pressure.

Therefore we expect the stock price to decline during its upcoming trading sessions, as long as resistance at $253.80 remains intact, targeting the support level at $214.50.

Today’s price forecast: Bearish

BTCUSD price declined in its last intraday trading, affected by the emergence of negative signals from relative strength indicators, to show that selling pressure have increased on short-term basis, and pushed it to lean on EMA50’s support, in attempt to test the strength of the dynamic support and gaining bullish momentum that might ease the way for the recovery and resuming the rise again, especially with supportive reversal signals in its upcoming trading.