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IBM widens gains - Analysis - 05-10-2021
IBM's stock rose 0.55% in the last session and settled at 144.11, amid the dominance of the main upward trend in the medium term, with positive support from the 50-day SMA, countered by negative signals from the RSI after reaching overbought levels.
Therefore we expect more gains for the stock, provided the support of 137.10 holds on, targeting the pivotal resistance of 152.70.
Expected trend for today: Bullish
Honeywell returns lower - Analysis - 05-10-2021
Honeywell's stock (HON) returned lower with a 0.67% in the last session, while hurt by piercing the main upward trend line recently, amid the dominance of the short-term correctional wave, with negative pressure from the 50-dy SM, s the stock tries to vent off oversold saturation in the RSI.
MoreHewlett-Packard climbs within descending price channel - Analysis - 05-10-2021
Hewlett-Packard's stock (HPQ) rose 0.04% in the last session while trading within a descending price channel that guided recent short-term trading, amid negative pressure from the 50-day SMA.
MoreMidday update for the NZDUSD 05-10-2021
The NZDUSD pair trades positively now after leaning on 0.6945 level, waiting for bearish rebound to resume the correctional bearish trend, which targets 0.6890 initially, noting that breaching 0.6990 will stop the negative scenario and lead the price to turn to rise.
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