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PVH tries to regain footing - Analysis - 23-02-2023
PVH Corp's stock rose in the intraday levels after leaning on the support of the 50-day SMA, marking a profit of 1.88% in the last session, or 1.48 points, settling at 80.16, amid the dominance of the upward correctional trend in the short term, with positive signals from the RSI after reaching oversold levels.
Therefore we expect more gains for the stock, targeting the resistance of 89.30 anew, provided the support of 77.75 holds on.
Expected trend for today: Bullish
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Midday update for Brent oil 23-02-2023
Brent oil price tests the key resistance 81.30, and as we mentioned this morning, the price needs to hold below this level to keep the bearish trend active for today, as breaching it will lead the price to recover and achieve gains that start by visiting 83.80 areas, noting that the price needs to break 80.40 to reinforce the expectations to decline and head towards our main expected targets at 79.55 and 78.35.
MoreMidday update for Crude oil 23-02-2023
Crude oil price fluctuates with slight positivity now, affected by stochastic positivity, while the bearish trend scenario still active as long as 75.65 level remains intact, supported by the negative pressure formed by the EMA50, waiting to resume the bearish bias that its main target located at 70.30, noting that breaking 73.75 will ease the mission of achieving the waited targets.
MoreMidday update for Silver 23-02-2023
Silver price continues to fluctuate inside the sideways range that its lines represented by 21.40 support and 22.13 resistance, to continue suggesting the sideways move until we get confirmed breach to one of these levels to detect the next destination clearly, reminding you that breaking this support will lead the price to 20.64 as a next negative station, while breaching the resistance will push the price to achieve intraday gains that start by testing 23.05 areas.
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