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Pfizer settles in negative zone - Analysis - 10-02-2021
Pfizer's stock (PFE) rose 0.43% in the last session with positive signals from the RSI after reaching oversold levels, while steadying below the resistance of 35.46, representing the ratio 50% of Fibonacci retracement levels for an ascending wave in the medium term (from 27.90 to 43.01), with negative pressure from the 50-day SMA.
Therefore we expect the stock to decline and target the next support at 33.69, representing the ratio 61.8% of the same retracement levels.
Expected trend for today: Bearish
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Baidu surges - Analysis - 10-02-2021
Baidu's stock rallied 6.67% in the last session amid the dominance of the main upward trend in the medium and short terms, with negative signals from the RSI after reaching overbought levels, as it vents off overbought saturation.
MoreComcast pierces pivotal resistance - Analysis - 10-02-2021
Comcast's stock rose 1.68% in the last session, passing through the pivotal resistance of 52.35, amid the dominance of the main upward medium-term trend, with positive support from the 50-day SMA.
MoreMidday update for Wheat price 10-02-2021
Wheat price shows new negative trades to surpass 644.20 level and moves below it, to reinforce the chances of continuing the decline to visit 629.40, which represents the sideways range’s support line that confines the recent trades as appears on the chart, to continue with our sideways move overview between the mentioned support and 662.50 resistance until breaching one of these levels followed by detecting the next destination clearly.
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