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Occidental Petroleum tries to recoup some losses - Analysis - 25-01-2024
Occidental Petroleum Corporation's stock (OXY) rose in the intraday levels, with positive signals from the RSI after reaching oversold levels, amid the dominance of the downward medium-term trend as the stock trades alongside the secondary short-term trend line, with negative pressure from the 50-day SMA amid attempts to recoup some recent losses.
Therefore we expect the stock to return lower, targeting the pivotal support of 55.12, provided the resistance of 59.10 holds on.
Expected trend for today: Likely Bearish
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Splunk tries to vent off overbought saturation - Analysis - 25-01-2024
Splunk's stock (SPLK) fell in the intraday levels while gathering positive momentum to rise anew, as it vents off overbought saturation in the RSI, amid the dominance of the main upward medium-term trend line, with positive pressure from the 50-day SMA.
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CrowdStrike's stock (CRWD) rose in the intraday levels, amid the dominance of the main upward trend in the medium term, while trading alongside the secondary short-term trend line, while trading above the 50-day SMA, coupled with positive signals from the RSI despite settling at overbought levels.
MoreCisco Systems collects profits - Analysis - 25-01-2024
Cisco Systems' stock (CISCO) fell in the intraday levels on profit-taking, while venting off overbought saturation in the RSI, with negative signals from the RSI, while gathering momentum to rise anew, as the stock is hurt by piercing the downward correctional trend line previously in the short term, with positive pressure from the 50-day SMA.
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