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Occidental Petroleum emits more signals of weakness - Analysis - 30-05-2023
Occidental Petroleum Corporation's stock (OXY) rose in the intraday levels, marking a cautious profit of 0.22% in the last session, or 13 cents, and settling at 58.94, amid the dominance of the downward short-term trend, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels compared to the stock's movements, hinting at negative divergence.
Therefore we expect the stock to return lower, targeting the pivotal support of 56.83, provided the resistance of 62.94 holds on.
Expected trend for today: Bearish
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CrowdStrike extends gains - Analysis - 30-05-2023
CirowdStrike Holdings' stock (CRWD) kept rising in the intraday levels, amid the dominance of the upward correctional trend in the short term, with positive pressure from the 50-day SMA, marking a fresh profit of 3.01% in the last session, or 4.51 points, and settling at 154.12, with negative signals from the RSI after reaching overbought levels.
MoreCisco shakes off negative pressure - Analysis - 30-05-2023
Cisco Systems' stock (CISCO) surged in the intraday levels, shaking off negative pressure from the 50-day SMA, and marking a strong profit of 1.69% in the last session, or 83 cents, and settling at 49.86, amid the dominance of the upward correctional short-term trend.
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The NZDUSD pair finds solid support at 0.6020 level, to show some slight bullish bias, waiting to get negative motive that assists to push the price to break this level and confirm extending the bearish wave towards 0.5900.
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