International Business Machines Corporation’s stock price (IBM) fell in the intraday levels as it tries to gather momentum to rebound, while leaning on the support of the 50-day SMA, amid the dominance of the main upward trend in the medium term, with positive signals from the RSI after reaching oversold levels. 

Therefore we expect the price to return higher, targeting the pivotal resistance of $265.70, provided the support of $239.35 holds on.

Today’s trend forecast: Likely Bullish

ASML Holding’s stock price (ASML) rose in the intraday levels, buoyed by positive signals from the RSI amid the dominance of the upward correctional wave in the short term, as the stock tries to shake off negative pressure from the 50-day SMA, thus confirming its commitment to expand gains. 

We thus stand neutral until the stock moves on the current resistance of $734.25, thus potentially targeting the next resistance at $784.80.

Today’s trend forecast: Neutral

Gamestop Corporation’s stock price (GME) settled higher in the intraday levels, boosted by positive signals from the RSI after reaching oversold levels, while trading within a descending price channel that guided recent short-term trading, with negative  pressure from trading below the 50-day SMA. 

Therefore we expect the stock to return lower, provided it settles below $24.90, targeting the pivotal support of $19.40.

Today’s trend forecast: Likely Bearish 

Pinduoduo’s stock price (PDD) fell in the intraday levels on profit-taking, while gathering positive momentum to pierce the pivotal resistance of $133.33, as it trades alongside the upward correctional trend line in the short term, with positive pressure due to trading above the 50-day SMA, coupled with positive signals from the RSI despite reaching overbought levels. 

Therefore we expect the price to return higher, targeting the aforementioned resistance of $133.33.

Today’s trend forecast: Likely Bullish