Netflix's stock rose 2.65% in the last session, or 9.26 points, while settling above 349.87, representing the ratio 61.8% of Fibonacci retracement levels for a descending wave in the short term (from 423.21 to 231.23), with positive signals from the RSI, coupled with positive support from the 50-day SMA.
Therefore we expect more gains for the stock, as long as it settles above 349.87, targeting the resistance at 377.90, which represents the ratio 76.4% of the same retracement levels.
Expected trend for today: Bullish
Alphabet's stock surged 2.93% in the last session while buoyed by a positive pattern that formed in the short term, the Double Bottom pattern, with positive pressure from the 50-day SMA, countered by negative signals from the RSI.
Therefore we expect more gains for the stock, as long as the support of 1128.99 holds on, targeting the resistance of 1209.90.
Expected trend for today: Bullish
AT&T's stock rose 0.87% in the last session, or 0.26 points, while a positive divergence forms in the Stochastic indicator, as the stock gets buoyed by exiting a descending price channel that guided recent short-term trading, while shaking off negative pressure from the 50-day SMA.
Therefore we expect more gains for the stock, especially if it settled back above 30.13, targeting the resistance at 31.16.
Expected trend for today: Bullish
Chinese Alibaba's stock returned higher while buoyed by a positive pattern that formed in the short term, the Double Bottom pattern, with positive support from the 50-day SMA, while the RSI reached oversold levels.
Therefore we expect more gains for the stock, targeting the important resistance of 188.08.
Expected trend for today: Bullish