Revolve Group (RVLV) continued to advance in its latest intraday trading, supported by positive signals from the RSI, as a short-term corrective bullish trend remains in control with price action moving alongside an upward trendline. The stock is also benefiting from sustained positive support, as it continues to trade above its 50-period simple moving average, reinforcing the current upward bias.
Therefore we expect the stock price to rise further in the upcoming intraday trading, as long as support at 28.15 holds, to target the first resistance level at 32.60.
Today’s price forecast: Bullish
Toast, Inc. (TOST) edged higher in its latest intraday trading, after finding support at its 50-period SMA, which provided the stock with some positive momentum. This move comes after the stock successfully broke above a short-term corrective bearish trendline, while the RSI has managed to unwind its overbought conditions, giving the price more room to post additional gains in the near term.
Therefore we expect the stock price to rise further in the upcoming intraday trading, as long as it holds above 34.80, to target the key resistance level at 39.75.
Today’s price forecast: Bullish
The price of (ETHUSD) rose in the last intraday trading, surpassing the resistance of EMA50, to get rid of its negative pressure and reinforces the expectations of extending the gain on the near-term basis, especially with the emergence of the positive signals from the relative strength indicators, after forming positive divergence, after reaching exaggerated oversold levels compared to the price move, with the emergence of positive signals from there.
Brent crude oil’s prices rose in its last intraday trading, preparing to attack $62.25 key resistance, amid the dominance of bullish corrective wave on the short-term basis, with its trading alongside supportive trendline for this trend, besides the emergence of positive overlapping signal on the relative strength indicators, after offloading its overbought conditions. This bullish momentum is reinforced by the continuous trading above previous EMA50.