Netflix's stock rose amid wavering, with the dominance of the upward correctional trend in the short term, with positive support from the 50-day SMA, coupled with positive signals from the RSI, while settling above the important support of 356.80.
Therefore we expect the stock to rise as long as it settles above 356.80, targeting the resistance of 385.00.
Expected trend for today: Bullish
Hewlett-Packard's stock tried to correct the main downward trend in the short term, touching the resistance of the 50-day SMA while the RSI reached overbought levels.
Therefore we reaffirm our negative outlook for the stock, especially if it settled below 20.33, targeting the support of 19.31.
Expected trend for today: Bearish
ExxonMobil's stock settled above 79.88, representing the ratio 61.8% of Fibonacci retracement levels for a descending wave in the short term (from 89.30 to 64.65), with positive support from the 50-day SMA, while the RSI reached oversold levels compared to the stock's movements.
Therefore we expect more gains for the stock, targeting the next resistance of 83.48, which represents the ratio 78.6% of the same retracement levels as long as it settles above 79.88.
Expected trend for today: Bullish
Starbucks' stock fell as traders collected recent profits, while gathering momentum to help it rise anew, amid the dominance of the main upward short-term trend, with positive pressure from the 50-day SMA as the RSI reached oversold levels.
Therefore we expect the stock to rise as long as the support of 74.26 holds on, targeting the resistance of 77.23.
Expected trend for today: Bullish