Kohl's Corporation's stock (KSS) skidded after the stores chain said in ended acquisition talks with Franchise Group, sending the stock down 19.64%, or 7.01 points, and settling at 28.68, with trading volumes surpassing 33 million shares, above 10-day averages of 7.8 million shares.
The downward correctional trend dominates in the short term, with negative pressure from the 50-day SMA, piercing the support of 34.64, while the RSI reached oversold levels.
Therefore we expect more losses for the stock, targeting the support of 18.30, provided the resistance of 34.64 holds on.
Expected trend for today: Bearish
The NZDUSD pair traded with strong negativity to break 0.6210 level and confirm the continuation of the bearish trend, waiting for more decline to visit 0.6100 that represents our next main target, reminding you that the continuation of the bearish wave depends on the price stability below 0.6270.
The expected trading range for today is between 0.6100 support and 0.6200 resistance
The expected trend for today: Bearish
The AUDUSD pair declined sharply to break 0.6830 level and confirm the continuation of the bearish trend domination, and the way is open head towards our next negative target at 0.6755, reminding you that the continuation of the bearish wave depends on the price stability below 0.6895.
The expected trading range for today is between 0.6755 support and 0.6830 resistance
The expected trend for today: Bearish
Brent oil price shows clear negative trades to move below 112.00 barrier, which supports the continuation of the expected bearish trend for today, which targets 110.10 level as a next main station, reminding you that the continuation of the bearish wave depends on the price stability below 115.10.
The expected trading range for today is between 109.50 support and 115.10 resistance.
The expected trend for today: Bearish