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General Electric gathers positive momentum - Analysis - 07-12-2023

Economies.com
2023-12-07 11:47AM UTC

General Electric Company's stock (GE) fell in the intraday levels amid negative signals from the RSI while reaching oversold levels compared to the stock's movements, as traders collect recent profits, while the stock gathers positive momentum to rise anew, amid the dominance of the main upward trend in the medium term, with positive pressure from the 50-day SMA.

 

Therefore we expect the stock to return higher, targeting the resistance of 125.75, provided the pivotal support of 117.67 holds on.

 

Expected trend for today: Likely Bullish 

General Mills receives positive support - Analysis - 07-12-2023

Economies.com
2023-12-07 11:46AM UTC

General Mills' stock (GIS) rose in the intraday levels after leaning on the support of the 50-day SMA, lending the stock positive momentum amid positive signals from the RSI after reaching overbought levels amid the dominance of the upward correctional wave in the short term.

 

Therefore we expect more gains for the stock, targeting the resistance of 69.00, provided it settles above 64.70. 

 

Expected trend for today: Bullish 

Campbell rallies - Analysis - 07-12-2023

Economies.com
2023-12-07 11:46AM UTC

Campbell Soup Company's stock (CPB) rallied in the intraday levels, confirming the breach of the downward secondary trend line in the short term, with positive support from the 50-day SMA, coupled with positive signals from the RSI despite reaching overbought levels. 

 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 46.63, provided the current resistance of 43.75 was breached. 

 

Expected trend for today: Likely Bullish 

Midday update for the NZDUSD 07-12-2023

Economies.com
2023-12-07 09:35AM UTC

The NZDUSD pair is testing 0.6140 and still below it until now, to keep the bearish trend scenario valid until now, supported by moving below the EMA50, reminding you that our main waited targets reaches 0.6020, while breaching 0.6140 will stop the expected decline and push the price to recover again.

 

The expected trading range for today is between 0.6060 support and 0.6160 resistance

 

The expected trend for today: Bearish