Netflix's stock kept falling in the short term while seeking a bottom to bounce it higher anew, with negative signals from the RSI, countered by the dominance of the upward correctional wave in the short term, with positive support from the 50-day SMA.
Therefore we expect the stock to return higher, especially if it settled back above 327.22, representing the ratio 50% of Fibonacci retracement levels for a descending wave in the short term (from 423.21 to 231.23), targeting the next resistance at 349.87, representing the ratio 61.8%.
Expected trend for today: Likely Bullish
Twitter's stock slumped 3.97% in the last session, or 1.28 points, while trading alongside the downward correctional trend line in the short term, with negative signals from the RSI, getting exposed anew to negative pressure from the 50-day SMA.
Therefore we expect more losses for the stock, as long as it settles below 31.81, targeting the support of 26.26.
Expected trend for today: Bearish
Ford Motor Company's stock tumbled 1.88% in the last session, or 0.16 points, amid negative pressure from the 50-day SMA, with negative signals from the RSI, coupled with the dominance of the main downward trend in the medium and short terms.
Therefore we expect more losses for the stock, especially if the support of 8.16 was breached, targeting the pivotal support of 7.44.
Expected trend for today: Bearish
Tesla's stock skidded 3.79% in the last session, or 11.33 points, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI, leaning thereafter on the support of 283.90, representing the ratio 50% of Fibonacci retracement levels for an ascending wave in the medium term (from 178.19 to 389.61).
Therefore we expect more losses for the stock, especially if the support of 283.90 was breached, targeting the next one at 258.95.
Expected trend for today: Bearish