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Honeywell takes hit - Analysis - 20-05-2020
Honeywell's stock slid 3.01% in the last session after touching the resistance of the 50-day SMA, while testing the main downward medium-term trend line, as the RSI reached overbought levels.
Therefore we expect more losses for the stock, targeting the first support at 125.00.
Expected trend for today: Bearish
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Home Depot driven lower by pivotal resistance - Analysis - 20-05-2020
Home Depot's stock slid 2.95% in the last session after the pivotal resistance of 247.00 held on with traders collecting recent profits while the stock gathers momentum and vents off overbought saturation in the RSI, amid the dominance of the upward short-term trend, with support from the 50-day SMA.
MoreGoldman Sachs gathers positive momentum - Analysis - 20-05-2020
Goldman Sachs' stock fell 2.23% in the last session while gathering momentum to help it rise anew, amid positive support from the 50-day SMA, with positive signals from the RSI while the stock moves alongside the upward short-term trend line.
MoreMidday update for Wheat price 20-05-2020
The tight range dominates Wheat price trades since morning, thus, the bearish trend scenario will remain valid without any change for today, which targets 483.20 mainly, while its continuation requires holding below 503.70 and 507.00 levels.
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