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PayPal in a free fall - Analysis - 22-11-2021
PayPal Holdings' stock (PYPL) tumbled 5.86% in the last session, settling at 243.21, amid negative pressure from the 50-day SMA, with negative signals from the RSI, breaching the support of 257.90, representing the ratio 38.2% of Fibonacci retracement levels for an ascending wave in the medium term (from 174.79 to 309.42).
Therefore we expect more losses for the stock, targeting the pivotal support of 226.25, representing the ratio 61.8%, provided the resistance of 257.90 holds on.
Expected trend for today: Bearish
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Starbucks attacks ceiling of descending price channel - Analysis - 22-10-2021
Starbucks' stock (SBUX) rose in the last session and tackled the ceiling of that descending correctional price channel that guided recent short-term trading, while touching the resistance of the 50-day SMA, strengthening that area as a resistance barrier, amid negative signals from the RSI after reaching overbought levels.
MoreTesla attacks pivotal resistance - Analysis - 22-10-2021
Tesla's stock rallied 3.26% in the last session amid the dominance of the upward short-term trend, with positive pressure from the 50-day SMA, settling at 894.00, and tackling the pivotal resistance of 899.60, while countered by negative signals from the RSI after reaching overbought levels.
MoreAmerican International Group stalls - Analysis - 22-10-2021
American International Group's stock (AIG) fell in the intraday levels on profit-taking while gathering momentum and venting off overbought saturation in the RSI, as the current resistance of 59.85 held on, amid the dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA.
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