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Home Depot sharpens decline - Analysis - 23-06-2022
Home Depot's stock (HD) kept falling in the intraday levels amid the dominance of the downward correctional trend in the short term, with negative pressure from the 50-day SMA, marking a loss of 0.08% in the last session, or 22 cents, and settling at 268.98, with positive signals from the RSI after reaching oversold levels.
Therefore we expect the stock to decline and target the support of 246.59, provided the resistance of 279.59 holds on.
Expected trend for today: Bearish
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Redbox seeks a bottom to bolster it - Analysis - 23-06-2022
Redbox Entertainment's stock (RDBX) fell in the intraday levels even after reporting retail sales up 12.8% y/y in the week ending June 18, due to Father Day sales, and the fourth of July sales, marking a loss of 12.93% in the last session, or 1.5 points, settling at 101.0, with trading volumes surpassing 8.6 million shares, below 10-day averages of 31.2 million shares.
MoreMidday update for Brent oil 23-06-2022
Brent oil price shows sideways trades since morning, settling around 108.00 now, and as long as the price is below 110.10, our bearish overview will remain valid for today, noting htat our targets begin at 105.05 and extend to 101.65 followed by 98.85 after breaking the first level.
MoreMidday update for Crude oil 23-06-2022
Crude oil price tests the key resistance 104.60 and keeps its stability below it until now, to keep the bearish trend active for today, supported by the negative pressure formed by the EMA50, waiting to get negative momentum that assist to push the price to achieve our next main target that reaches 98.95.
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