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Robinhood rises alongside downward correctional trend line - Analysis - 12-09-2023
Robinhood's stock (HOOD) rose in the intraday levels, while trading alongside the downward correctional trend line in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels.
Therefore we expect the stock to return lower, targeting the support of 10.20, provided the resistance of 11.16 holds on.
Expected trend for today: Likely Bearish
Spotify tries to regain footing - Analysis - 12-09-2023
Spotify Technology's stock (SPOT) rose in the intraday levels, with positive signals from the RSI, as it also vented off overbought saturation in the RSI with negative signals out of them, coupled with positive support from the 50-day SMA, amid the dominance of the main upward medium-term trend.
MoreMeta Platforms shakes off negative pressure - Analysis - 12-09-2023
Meta Platforms' stock (META) rose in the intraday levels, managing to shake off negative pressure from the 50-day SMA, amid the dominance of the main upward trend in the medium term, with negative signals from the RSI after reaching overbought levels compared to the stock's movements, hinting at negative divergence.
MoreUber readies to tackle pivotal resistance - Analysis - 12-09-2023
Uber Technologies' stock (UBER) rallied in the intraday levels, amid the dominance of the main upward trend in the medium term, while trading alongside the secondary short-term trend line, with positive support from the 50-say SMA, coupled with positive signals from the RSI after venting off overbought saturation from the RSI, therefore readying to tackle the pivotal resistance of 49.49.
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