Take-Two Interactive breaches upward trend line - Analysis - 21-09-2023
Take-Two Interactive Software's stock (TTWO) fell in the intraday levels, breaching the main upward medium-term trend line, with negative pressure from the 50-day SMA, exposing the stock to heavy downward pressure.
Therefore we expect more losses for the stock, targeting the support of 136.00, provided it settles below the resistance of 146.22.
Expected trend for today: Bearish
BioNTech suffers from negative pressures - Analysis - 21-09-2023
BioNTech SE's stock (BNTX) fell in the intraday levels amid the dominance of the main downward trend in the medium term, with negative pressure from the 50-day SMA, countered with positive signals from the RSI after reaching oversold levels, hindering losses.
Therefore we expect more losses for the stock, targeting the pivotal support of 100.00, provided the resistance of 119.00 holds on.
Expected trend for today: Bearish
Carnival deepens losses - Analysis - 21-09-2023
Carnival Corporation's stock (CCL) fell in the intraday levels, amid the dominance of the downward correctional trend in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI, while piercing the support of 14.96, which represents the ratio 38.2% of Fibonacci retracement levels for an ascending wave that starts with a 7.53 bottom and ends with a 19.55 top.
Therefore we expect more losses for the stock, targeting the next support at 13.54, which represents the ratio 50% of the same retracement levels, provided the stock settles below the resistance of 14.96.
Expected trend for today: Bearish
Midday update for Brent oil 21-09-2023
Brent oil price shows additional negative trades to break 92.74 level and settles below it now, which supports the continuation of the correctional bearish trend domination on the intraday and short-term basis, opening the way to head towards 90.70 as a next main target.
Therefore, we will continue to suggest the bearish trend for today supported by the negative pressure formed by the EMA50, noting that holding below 92.74 represents the first condition to continue the expected decline.
The expected trading range for today is between 91.00 support and 94.00 resistance.
The expected trend for today: Bearish