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Invesco exhausts positive chances - Analysis - 18-08-2023
Invesco QQQ Trust's stock (QQQ) kept falling in the intraday levels with negative pressure from the 50-day SMA, coupled with negative signals from the RSI despite settling at oversold levels, while leaning on the main upward trend line in the short term, giving the stock the final chances of recovery.
Therefore we expect the stock to return higher, targeting the first resistance at 371.80, provided the support of 357.59 holds on.
Expected trend for today: Likely Bullish
Victoria Secret tries to vent off overbought saturation - Analysis - 18-08-2023
Victoria Secret & Co's stock (VSCO) fell in the intraday levels, after the resistance of 21.30 held on, while trying to gather positive momentum to pierce that resistance, as it also vented off overbought saturation in the RSI, while the stock is buoyed by piercing the downward trend line previously, with positive support from the 50-day SMA.
MoreZoom breaches upward correctional trend line - Analysis - 18-08-2023
Zoom Video Communications' stock (ZM) fell in the intraday levels, confirming the breach of the upward correctional trend line in the short term, with negative pressure from the 50-day SMA, doubling the negative pressure on the stock, especially with negative signals from the RSI even as the stock settled at oversold levels.
MoreCostco attacks important resistance - Analysis - 18-08-2023
Costco Wholesale Corporation's stock (COST) skidded in the intraday levels, breaching the support of the negative technical pattern that formed in the short term, the Double Top pattern, with negative signals from the RSI despite settling at oversold levels, leaning thereafter on the 50-day SMA support.
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