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Starbucks returns higher - Analysis - 04-08-2022

Economies.com
2022-08-04 12:45PM UTC

Starbucks' stock (SBUX) returned higher in the intraday levels after reporting  record quarterly profits, beating estimates handily, with the stock rallying 4.25%, or 3.56 points, and settling at 87.27, with trading volumes surpassing 13 million shares, above 10-day averages of 7 million shares.

 

The upward correctional short-term trend dominates, amid positive pressure from the 50-day SMA, coupled with positive signals from the RSI.

 

Therefore we expect more gains for the stock, targeting the resistance of 92.63, provided the support of 78.92 holds on.

 

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Expected trend for today: Bullish 

Robinhood pierces current resistance - Analysis - 04-08-2022

Economies.com
2022-08-04 12:45PM UTC

Robinhood's stock (HOOD) rose after pledging to focus on retail investors, while announcing a cut of 23% in the workforce due to weak trading while reporting a larger loss than expected, at 34 cents per share, with active monthly users down to 14 million, with the stock surging 11.7%, or 1.08 points, settling at 10.31, with trading volumes surpassing 37.4 million shares, above 10-day averages of 10.7 million shares.

 

The stock managed to pierce the resistance of 9.94, buoyed by trading above the 50-day SMA, with positive signals from the RSI.

 

Therefore we expect more gains for the stock, targeting the first resistance at 12.50, provided it settles above 9.94. 

 

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Expected trend for today: Bullish 

The EURTRY fluctuates within the bullish track – Analysis – 4-8-2022

Economies.com
2022-08-04 05:55AM UTC

The EURTRY pair lost its positive momentum recently, which pushed it to form correctional bearish rebound to touch 18.1425, noting that the main stability within the bullish channel and the moving average 55 attempt to form additional support by settling at 18.0280 allow us to wait to gather the positive momentum again, to manage to achieve positive gains by rallying towards 18.3345 followed by reaching the additional barrier at 18.5110.

 

The expected trading range for today is between 18.1160 and 18.3345

 

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The expected trend for today: Bullish

Natural gas price consolidates below the resistance – Analysis – 4-8-2022

Economies.com
2022-08-04 05:55AM UTC

Natural gas price failed to crawl below 50% Fibonacci correction level that forms additional support at 7.600, to force it to postpone the negative attack and cover some losses by rallying towards 8.450.

 

In general, the negative stability below 9.050 resistance forms the main factor to reinforce the domination of the bearish bias for the upcoming trading, thus, we will keep waiting to gather the negative momentum to assist to renew the pressure on the mentioned support, while breaking it will extend trades towards 7.330 and 7.050 levels.

 

The expected trading range for today is between 8.650 and 7.550

 

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The expected trend for today: Bearish