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Snap gives in to negative pressure - Analysis - 01-05-2023
Snap's stock skidded in the intraday levels, piercing the upward correctional short-term trend line, while touching the resistance of the 50-day SMA, as it marks a heavy loss of 17.05% in the last session, or 1.79 points, and settling a 8.71.
Therefore we expect more losses for the stock, targeting the support of 8.00, provided it settles below 9.68.
Expected trend for today: Bearish
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Johnson & Johnson tries to regain footing - Analysis - 01-05-2023
Johnson & Johnson's stock (JNJ) rose in the intraday levels, marking a profit of 0.43% in the last session, or 70 cents, and settling at 163.70, with trading volumes surpassing 6 million shares, below 10-day averages of 7.4 million shares, and amid the dominance of the upward correctional short-term wave, with positive pressure from the 50-day SMA, while the RSI reached oversold levels.
MoreMidday update for Brent oil 01-05-2023
Brent oil prices managed to achieve our first target at 78.90 and breaks it to attempt to hold below it now, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, paving the way to rally towards our next correctional target that reaches 76.85.
MoreMidday update for Crude oil 01-05-2023
Crude oil prices broke 76.10 level clearly and settled below it, to reactivate the correctional bearish scenario and heads towards achieving more expected decline in the upcoming sessions, opening the way to visit 73.85 as a next negative target.
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