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Honeywell rises after piercing downward trend line - Analysis - 16-08-2022
Honeywell's stock (HON) kept rising in the intraday levels amid support from the 50-day SMA, while buoyed by piercing the main downward short-term trend line, with positive signals from the RSI despite reaching overbought levels, with the stock rising 0.69% in the last session, or 1.38 points, and settling at 202.25.
Therefore we expect more gains for the stock, targeting the first resistance at 206.40, provided it settles above 198.00.
Expected trend for today: Bullish
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Comcast rises alongside the downward trend line - Analysis - 16-08-2022
Comcast's stock (CMCSA) rose amid positive signals from the RSI after reaching oversold levels, with the stock rising 1.43%, or 57 cents, and settling at 40.57, therefore touching the resistance of the 50-day SMA, amid the dominance of the main downward trend in the short term.
MoreApple extends gains - Analysis - 16-08-2022
Apple's stock advanced in the intraday levels amid the dominance of the upward correctional short-term wave, alongside the very steep trend line, indicating the strength of the upside trend, with the stock rising 0.63% in the last session, or 1.09 points, settling at 173.19, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI.
MoreAmazon stalls - Analysis - 16-08-2022
Amazon's stock (AMZN) fell amid attempts to gather positive momentum to climb anew, marking a loss of 0.26%, or 37 cents, and settling at 143.18, while buoyed by a positive pattern that formed in the short term, the Double Bottom pattern, with positive support from the 50-day SMA.
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