Meta Platforms, Inc (META) dipped slightly in its latest intraday trading, as the stock attempts to gather positive momentum that may help it recover and climb again. At the same time, it is working on easing its clear overbought conditions on the RSI, especially with a negative crossover appearing. Nonetheless, dynamic support from trading above the 50-day SMA remains intact, alongside the dominance of the medium-term bullish trend and movement along a short-term supportive minor line.
Therefore, we expect the stock to rise in the upcoming sessions, especially if it breaks the current resistance of 796.25, targeting the next resistance at 855. This positive outlook remains valid as long as support holds at 740.90.
Today’s price forecast: Bullish.
The price of (ETHUSD) rose in its last intraday trading, after reaching our suggested morning target at $4,100, gaining some positive momentum, attempting to recover some of its previous losses, attempting to recover some of its previous losses, and offloading some of its clear oversold levels on the relative strength indicators, especially with the emergence of positive overlapping signals, amid the price affection by breaking bullish trend line on the short-term basis.
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The price of (BTCUSD) continued the decline in its last intraday trading, reaching our morning suggested target at $112,000 support to settle there, attempting to offload some of its oversold conditions on the relative strength indicators, especially with the emergence of positive overlapping signal there, affected by breaking bullish correctional trend line on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, reducing the chances for the price recovery on the near-term basis.
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Crude oil prices surrendered to the negative pressure to deepen their losses in its last intraday levels, due to its lean on the support of bullish correctional trend line on the short-term basis, gaining some positive momentum, accompanied by the emergence of positive overlapping signals on the relative strength indicators, after reaching oversold levels, exaggeratedly compered to the price movement, to form a positive divergence that helps it to reinforce the last gains, attempting to get rid of the negative pressure after surpassing the support of its previous EMA50.
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