Super Mario Computer’s stock price (SMCI) rallied in the intraday levels, buoyed by trading above the 50-day SMA, amid the dominance of the upward correctional wave in the short term. However, despite the stock’s gains, it’s still moving alongside the main downward trend line in the medium-term, with negative signals from the RSI after reaching overbought levels. 

Therefore we stand neutral until the stock moves on the pivotal resistance of $51.00, and in case of a breach, it’ll open the door for more gains, thus targeting the resistance of $74.00.

Trend forecast for today: Neutral

Wells Fargo & Company’s stock price (WFC) returned higher in the intraday levels, amid the dominance of the main upward trend alongside the secondary short-term trend line, with positive pressure due to trading above the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels compared to the stock’s movements. 

Therefore we expect more gains for the stock, targeting the first resistance of $84.00, provided it settles above $78.00.

Trend forecast for today: Likely Bullish 

Amazon.com’s stock price (AMZN) fell in the intraday levels, while seeking a bottom to bounce it higher anew, amid negative signals from the RSI, while leaning on the support of the 50-day SMA, amid the dominance of the main upward trend, as the stock trades alongside the secondary short-term trend line. 

Therefore we expect the stock to return higher, targeting the pivotal resistance of $242.52, provided the support of $225.86 holds on.

Trend forecast for today: Likely Bullish 

Coffee price started to form correctional bearish waves after facing 438.00$ barrier, to notice activating the attempts to gain profits by crawling towards 411.00, while the intraday negativity is caused by stochastic decline below 50 level, which allows us to suggest forming mixed trades until gathering the positive momentum again, to confirm the domination of the bullish scenario on the near-term and medium-term basis.

The frequent stability above 399.00$ support line confirms keeping the bullish track, to expect gathering additional positive momentum and renew the pressure on the mentioned barrier, while surpassing it will push the price to record new historical highs that might start at 447.00$ and 454.00$.

The expected trading range for today is between 431.00 and 407.00

Trend forecast: Bullish