Super Micro Computer’s stock price (SMCI) rose in latest intraday trading, tackling the pivotal resistance of $37.27, and trading alongside the upward correctional trend line in the short term, with positive signals from the Stochastic despite reaching overbought levels, thus facing the resistance of the 50-day SMA.
Therefore we stand neutral until the stock moves on the resistance of $37.27, with a breach indicating the intent to expand gains and target the resistance of $44.99.
Today’s price forecast: Neutral
UiPath’s stock price (PATH) edged higher in latest intraday trading, while trying to pierce the pivotal resistance of $11.40, representing the neckline of a positive technical pattern that formed in the short term, the Double Bottom pattern, while supported by positive signals from the Stochastic despite reaching overbought levels, as the stock tries to shake off negative pressure from the 50-day SMA.
Therefore we expect more gains for the stock, provided it settles above $11.40, targeting the resistance of $13.25 as a price target for that Double Bottom pattern.
Today’s price forecast: Bullish
Bitcoin price rose in its recent intraday trading, supported by several positive factors, first: the domination of the bullish trend on the short-term basis alongside a bias line, with the continuation of the positive pressure due to its trading above its EMA50, beside the emergence of the positive signals on the (RSI).
Brent crude oil deepens its losses in the recent intraday trading, affected by the double bottom pattern that formed in the end of the bullish correctional wave on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, reinforcing the negative scenario.