Netflix's stock inched down 0.10% in the last session, or 0.31 points, while collecting recent short-term gains, as the stock also vented off overbought saturation in the RSI, while buoyed by a positive pattern that formed in the short term, the Falling Wedge pattern, with positive pressure from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the pivotal resistance of 380.00, as long as it settles above 310.93.
Expected trend for today: Bullish
Alphabet's stock returned lower with a 0.15% loss in the last session, or 1.62 points, after testing the downward short-term trend line, as the RSI reached overbought levels compared to the stock's movements, countered by positive support from the 50-day SMA.
Therefore we expect more losses for the stock, as long as the resistance of 1094.17 holds on, targeting the support of 1044.77.
Expected trend for today: Bearish
Hewlett-Packard's stock closed flat after hitting an intraday high at 21.46, amid the dominance of the main downward trend in the short term, with negative pressure from the 50-day SMA, while the RSI reached overbought levels compared to the stock's movements.
Therefore we expect the stock to lose ground, especially if it settled back below 20.73, targeting the support of 19.31.
Expected trend for today: Bearish
Litecoin price declined clearly to approach the bullish channel’s support line at 33.30, and as long as the price is above this level, the bullish trend scenario will remain valid for the upcoming period, noting that breaking it will push the price back to the main bearish track that its next target located at 30.00.
Expected trading range for today is between 37.00 support and 43.00 resistance
Expected trend for today: Bullish