Lululemon Athletica’s stock price (LULU) kept falling in the intraday levels, amid negative pressure from the 50-day SMA, amid the dominance of the downward correctional trend in the short term, with negative signals from the RSI despite reaching oversold levels.

Therefore we expect the stock to decline and target the important support of $326.93, provided the resistance of $359.80 holds on.

Expected trading range: between the support of $326.93 and the resistance of $359.80.

Trend forecast: Bearish 

Micron Technology’s stock price (MU) fell in the intraday levels, amid negative signals from the RSI after reaching overbought levels.

The stock is seeking a bottom to bounce it higher anew, amid the dominance of the main upward trend in the medium term, while trading alongside the secondary short-term trend line. 

Therefore we expect the stock to return higher, provided it settles above $117.35, thus targeting the resistance of $130.54. 

Expected trading range: between the support of $117.35 and the resistance of $130.54.

Trend forecast: Likely Bullish 

Goldman Sachs Group’s stock price (GS) rallied in the intraday levels after leaning on the support of the 50-day SMA, amid the dominance of the main upward trend in the short term.

The gains are accompanied by a surge in trading volumes, and positive signals from the RSI after reaching oversold levels.

Therefore we expect more gains for the stock, targeting the pivotal resistance of $420.76, provided the support of $389.44 holds on

Expected trading range: between the support of $389.44 and the resistance of $420.76.

Trend forecast: Likely Bullish 

Brent Oil Price Forecast

• Brent oil price finds solid resistance at 90.90$, to show negative trades and test the EMA50 that forms key minor support at 90.00$, and the price needs to hold above this level as a first condition to the continuation of the expected bullish trend for today, which its next target located at 93.40$.
• On the other hand, we should note that breaking 90.00$ followed by 89.20$ levels will put the price under more negative pressure to head towards visiting 87.40$ areas on the near-term basis.

The expected trading range for today is between 89.00$ support and 92.80$ resistance.

Trend forecast: Bullish