Starbucks attacks ceiling of descending price channel - Analysis - 22-10-2021

Tesla's stock rallied 3.26% in the last session amid the dominance of the upward short-term trend, with positive pressure from the 50-day SMA, settling at 894.00, and tackling the pivotal resistance of 899.60, while countered by negative signals from the RSI after reaching overbought levels.

American International Group's stock (AIG) fell in the intraday levels on profit-taking while gathering momentum and venting off overbought saturation in the RSI, as the current resistance of 59.85 held on, amid the dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA.

Crude oil price confirmed breaching 82.65 level and rallies upwards to head towards regaining the main bullish trend again, on its way to achieve additional gains that extend to 84.55, noting that the EMA50 supports the expected rise, which will remain valid unless breaking 82.65 and holding below it again.