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Meta breaches upward trend line - Analysis - 27-10-2023

Economies.com
2023-10-27 11:34AM UTC

Meta Platforms' stock (META) fell in the intraday levels, while confirming the breach of the upward medium-term trend line, as the stock is dominated by the downward correctional trend, with pressure from the 50-day SMA, coupled with negative signals from the RSI despite reaching oversold levels.

 

Therefore we expect more losses for the stock, targeting the first support at 274.38, provided the resistance of 312.87 holds on.

 

Expected trend for today: Bearish 

Uber dominated by downward correctional trend - Analysis - 27-10-2023

Economies.com
2023-10-27 11:31AM UTC

Uber Technologies' stock (Uber) fell in the intraday levels, amid the dominance of the downward correctional wave in the short term, with negative pressure from the 50-day SMA, as the stock tries to vent off oversold saturation in the RSI.

 

Therefore we expect more losses for the stock, targeting the support of 37.58, provided it settles below the resistance of 42.95. 

 

Expected trend for today: Bearish 

 

 

 

United Airlines ends cautiously higher - Analysis - 27-10-2023

Economies.com
2023-10-27 11:31AM UTC

United Airlines Holdings' stock (UAL) rose in the intraday levels, while recouping some recent losses, as the stock trades alongside the steep downward trend line, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI despite reaching oversold levels.

 

Therefore we expect the stock to return lower, targeting the pivotal support of 31.58, provided the resistance of 36.82 holds on.

 

Expected trend for today: Likely Bearish 

Boeing rises alongside downward correctional trend line - Analysis - 27-10-2023

Economies.com
2023-10-27 11:30AM UTC

Boeing Company's stock (BA) rose in the intraday levels, amid the dominance of the downward correctional trend in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels.

 

Therefore we expect the stock to return lower, targeting the support of 173.85, provided it settles below the resistance of 193.27. 

 

Expected trend for today: Likely Bearish