Hewlett-Packard tries to vent off oversold saturation - Analysis - 15-10-2021
Hewlett-Packard's stock (HPQ) rose 3.81% in the last session, while venting off oversold saturation in the RSI after positive signals out of them, while trading within a descending correctional price channel that guided recent short-term trading, with negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower, targeting the support of 24.50, provided the pivotal support of 26.90 was breached.
Expected trend for today: Bearish
IBM receives positive support - Analysis - 15-10-2021
IBM's stock rallied 1.87% in the last session after leaning on the support of the 50-day SMA, lending it positive momentum, amid the dominance of the upward trend in the medium term, while buoyed by positive technical pattern that formed in the short term, the Falling Wedge pattern, with positive signals from the RSI after reaching oversold levels.
Therefore we expect more gains for the stock, targeting the pivotal resistance of 152.70, provided the support of 137.13 holds on.
Expected trend for today: Bullish
Natural gas price keeps the positivity – Analysis – 5-10-2021
No change to natural gas price bullish track, due to the frequent fluctuation within the bullish channel, also, the stability of the major support at 5.445 forms the main factor to confirm the continuation of the positivity for the near term and medium term trading.
Now, stochastic exit from the oversold areas will increase the chances of gathering the positive momentum, to ease the mission of resuming the bullish attack that might target 6.000 followed by 6.277 levels.
The expected trading range for today is between 5.550 and 6.000
The expected trend for today: Bullish
The CADCHF continues to rise – Analysis – 5-10-2021
The CADCHF confirmed its affection by the domination of the bullish bias by settling above the breached resistance that forms additional support now at 0.7428, to notice recording new positive targets by touching 0.7487.
The current negative rebound hints the attempt to gather the additional positive momentum, to expect forming additional support at 0.7455 and start forming new bullish trades until reaching the next main target at 0.7494.
The expected trading range for today is between 0.7455 and 0.7495
The expected trend for today: Bullish