Rivian Automotive’s stock price (RIVN) resumed its decline in its latest intraday trading, after attempting to ease some of its clear oversold condition on the RSI. However, selling pressure appears to have prevailed, as the stock moves along a short-term corrective downward trendline, with ongoing negative pressure from trading below its previous 50-day SMA, which further reinforces the bearish outlook.

Therefore, we expect the stock to decline in its upcoming trading, as long as the 13.13 resistance level holds, targeting the key support level of 10.55.

Today’s price forecast: Bearish.

Illumina, Inc.'s stock price (ILMN) declined in its latest intraday trading, as the stock searches for a higher bottom to serve as a base that could help it gain the positive momentum needed to recover and rise again. The short-term corrective upward trend remains in control, with trading taking place alongside an upward sloping trendline that supports this movement. The decline also brought the stock to the support of its previous 50-day SMA, coinciding with the RSI reaching extremely oversold levels.

Therefore, we expect the stock to rise in its upcoming trading, provided the 92.20 support level holds, targeting the key resistance level of 111.00.

Today’s price forecast: Bullish.

Alibaba Group Holdings Ltd.'s stock price (BABA) edged lower in its latest intraday trading, as the stock attempts to gain positive momentum that could help it recover and rise again. The medium-term main trend remains bullish, with trading taking place alongside an upward sloping trendline that supports this trend. The stock is also benefiting from dynamic support represented by trading above its previous 50-day SMA, in addition to positive signals appearing on the RSI after reaching extremely oversold levels.

Therefore, we expect the stock to rise in its upcoming trading, as long as it remains above the 116.00 support level, targeting the 134.50 resistance level.

Today’s price forecast: Bullish.

The price of (ETHUSD) declined in its last intraday trading, attempting to gain positive momentum that might assist it to recover and rise again, amid the continuation of the positive pressure that comes from its trading above EMA50, and under the dominance of the main bullish trend and its trading alongside a supportive minor bias line for this trend, on the other hand, we notice the emergence of the negative signals on the (RSI), decelerating the price recovery on the near-term basis.

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