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Meta Platforms shakes off negative pressure - Analysis - 12-09-2023
Meta Platforms' stock (META) rose in the intraday levels, managing to shake off negative pressure from the 50-day SMA, amid the dominance of the main upward trend in the medium term, with negative signals from the RSI after reaching overbought levels compared to the stock's movements, hinting at negative divergence.
Therefore we expect the stock to rise and target the pivotal resistance of 326.20, provided the support of 288.30 holds on.
Expected trend for today: Bullish
Uber readies to tackle pivotal resistance - Analysis - 12-09-2023
Uber Technologies' stock (UBER) rallied in the intraday levels, amid the dominance of the main upward trend in the medium term, while trading alongside the secondary short-term trend line, with positive support from the 50-say SMA, coupled with positive signals from the RSI after venting off overbought saturation from the RSI, therefore readying to tackle the pivotal resistance of 49.49.
MoreMidday update for Brent oil 12-09-2023
Brent oil price is testing 91.50 now and attempts to breach it, which urges caution from the upcoming trading, as breaching this level represents positive factor that will push the price to achieve additional rises that reach 93.00 on the near-term basis.
MoreMidday update for Crude oil 12-09-2023
Crude oil price shows more bullish bias to test 88.18 level now, which urges caution from the upcoming trading, as the price needs to consolidates below this level to keep the bearish trend scenario active, which its first main target located at 85.75.
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