Johnson & Johnson (JNJ) strengthened in its latest intraday trading, supported by its continued movement above the 50-day SMA, which provides dynamic support and reinforces the stability of the prevailing medium- and short-term uptrend. Additionally, RSI indicators have started to flash positive signals after moving out of oversold territory, increasing the likelihood of further upward momentum toward new resistance levels.
Therefore, we expect the stock to rise in upcoming sessions, as long as support holds at 173.30, with the next target at the key resistance of 181.16.
Today’s price forecast: Bullish.
The price of (ETHUSD) deepened its losses in its last intraday trading, amid the dominance of the main bearish trend on the short-term basis, and its continued trading below EMA50, intensifying the negative pressure around the price, noticing the continuation of the negative signals on the relative strength indicators, despite reaching oversold conditions, indicating the dominance and the strength of the negative track.
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The price of (BTCUSD) continued the decline in its last intraday trading, to break the critical support at $112,000, as a clear signal for resuming the decline, especially with its trading alongside minor bearish trend line on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, besides the emergence of the negative signals on the relative strength indicators, despite reaching oversold levels.
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Brent crude oil prices witnessed fluctuated moves in its last intraday trading, attempting to offload its overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from there, gathering its positive strength that might help it to recover again, amid its affection by breaching minor bearish trend line on the short-term basis, with the continuation of the positive support due to its trading above EMA50, reinforcing the chances of the price recovery in the upcoming period.
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