Pfizer’s stock (PFE) advanced slightly in the intraday levels, touching the resistance of the 50-day SMA, amid the dominance of the main downward trend in the medium term alongside the secondary short-term trend line, with negative signals from the RSI after reaching overbought levels.
Therefore we expect the stock to return lower, targeting the pivotal support of 25.75, provided the resistance of 30.30 holds on.
Expected trend for today: Likely Bearish
PayPal Holdings’ stock (PYPL) rose in the intraday levels, buoyed by positive signals from the RSI and hitting the resistance of the 50-day SMA, amid the dominance of the main downward trend in the medium term.
Therefore we expect the stock to return lower, targeting the first support at 55.77, provided it settles below the resistance of 60.62.
Expected trend for today: Likely Bearish
Alibaba Group Holdings’ stock advanced in the intraday levels, with positive signals from the RSI after reaching oversold levels, thus touching the resistance of the 50-day SMA, amid the dominance of the downward medium-term, as it trades alongside the secondary short-term trend line.
Therefore we expect the stock to return lower, targeting the first support at 66.60, provided the resistance of 77.77 holds on.
Expected trend for today: Likely Bearish
Brent oil price is affected by stochastic negativity to show clear negative trades now, waiting to get positive motive that assists to push the price to resume the expected bullish wave for today, which targets testing 83.87 initially, taking into consideration that continuing the decline and breaking 81.00 will stop the bullish trend and push the price to turn to decline.
The expected trading range for today is between 81.60 support and 84.60 resistance.
The expected trend for today: Bullish