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Starbucks readies to tackle stubborn resistance - Analysis - 12-02-2021

Economies.com
2021-02-12 11:39AM UTC

Starbucks' stock (SBUX) barely inched down in the last session while gathering momentum to help it pierce the pivotal resistance of 107.65, while venting off overbought saturation in the RSI amid negative signals out of them, while trading alongside the main upward medium-term trend line, with positive support from the 50-day SMA.

 

Therefore we expect the stock to rise and target the resistance of 113.70, provided the resistance of 107.65 was reliably breached. 

 

Expected trend for today: Bullish 

PayPal trims gains - Analysis - 12-02-2021

Economies.com
2021-02-12 11:38AM UTC

PayPal Holdings' stock (PYPL) rose to a session high at 301.89 before bouncing back and trimming gains to 0.65%, as traders collect profits, while the stock vents off overbought saturation in the RSI, amid positive support from the 50-day SMA.

 

Therefore we expect the stock to decline and retest the pivotal support of 254.35, provided the resistance of 305.35 holds on. 

 

Expected trend for today: Likely Bearish

Nvidia pierces pivotal resistance - Analysis - 12-02-2021

Economies.com
2021-02-12 11:37AM UTC

Nvidia's stock kept rising in the intraday levels, piercing the pivotal resistance of 587.35 and marking a 3.30% profit in the last session, amid the dominance of the main upward trend in the medium term, with positive pressure from the 50-day SMA. 

 

Therefore we expect more gains for the stock, targeting the resistance of 661.60. 

 

Expected trend for today: Bullish 

Microsoft under dominance of upward trend - Analysis - 12-02-2021

Economies.com
2021-02-12 11:37AM UTC

Microsoft's stock (MSFT) rose 0.69% in the last session amid positive pressure from the 50-day SMA, and with the dominance of the main upward medium-term trend, countered by negative signals from the RSI.

 

Therefore we expect more gains for the stock, targeting the resistance of 255.00, provided the support of 232.55 holds on.

 

Expected trend for today: Bullish