Invesco QQQ Trust’s stock price inched up in the intraday levels and confirmed the breach of the pivotal resistance of $450.24, despite negative signals coming out of the RSI after reaching overbought levels, hindering gains, amid the dominance of the main upward trend in the medium term, while trading alongside the secondary short-term trend line, with positive support from the 50-day SMA.

Therefore we expect more gains for the stock, targeting the first resistance at $472.00, provided it settles above $450.24. 

Trend forecast: Bullish 

Victoria’s Secret & Co’s stock price (VSCO) fell in the intraday levels, while gathering momentum to rise anew, as it also vented off overbought saturation in the RSI, with negative signals coming out of it, amid the dominance of the upward correctional trend in the short term, with positive support from the 50-day SMA.

Therefore we expect the stock to return higher and target the resistance of $24.90, provided it settles firmly above $20.28. 

Trend forecast: Likely Bullish 

Zoom Video Communications’ stock price (ZM) fell in the intraday levels, ending a volatile session after smacking into the resistance of the 50-day SMA, amid the dominance of the downward trend as it trades alongside the secondary short-term trend line, with negative signals from the RSI after reaching overbought levels. 

Therefore we expect more losses for the stock, targeting  the pivotal support of $58.87, provided it settles below the $64.62 resistance.

Trend forecast: Bearish 

Costco Wholesale Corporation’s stock price (COST) returned higher in the intraday levels, confirming the breach of the pivotal resistance of $787.00, amid the dominance of the main upward trend in the medium term, while trading alongside the secondary short-term trend line, coupled with positive pressure from the 50-day SMA, despite settling at overbought levels. 

Therefore we expect more gains for the stock, targeting the first resistance at $843.00, provided the stock settles firmly above $787.00. 

Trend forecast: Bullish