MasterCard's stock (MA) fell in the intraday levels, registering a loss of 2.62%, or 4.65 points, amid the dominance of the main upward trend in the medium and short terms, while the RSI reached extremely oversold levels compared to the stock's movements, leaning thereafter on the support of 50-day SMA.
Therefore we expect the stock to return higher, targeting the resistance of 189.53, as long as the support of 169.27 holds o.
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Amazon's stock (AMZN) tumbled in the intraday levels, registering a loss of 3.78% in the last session, or 58.81 points, and trespassing the support of the 50-day SMA, exposing to negative pressure, while also piercing the support of 1498.00, embarking on a descending correctional journey that could take some time.
MoreUS Steel Corporation's stock (X) fell in the intraday levels, recording a loss of 4.89% in the last session, or 1.73 points, amid the dominance of the descending correctional short-term wave, with negative pressure from the 50-day SMA, countered with the dominance of the main upward medium-term trend, with positive signals from the Relative Strength Index after reaching extremely oversold levels.
MoreSirius XM holdings' stock (SIRI) fell in the intraday levels, registering a loss of 1.90% in the last session, or 0.12 points, as the stock seeks a bottom to bounce it higher anew, amid the dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA, while a positive divergence formed in the Stochastic indicator as shown below the attached chart.
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