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Tesla attacks pivotal resistance - Analysis - 22-10-2021
Tesla's stock rallied 3.26% in the last session amid the dominance of the upward short-term trend, with positive pressure from the 50-day SMA, settling at 894.00, and tackling the pivotal resistance of 899.60, while countered by negative signals from the RSI after reaching overbought levels.
Therefore we stand neutral until the stock moves on the pivotal resistance of 899.60, and in the case of a breach, it'll target the first resistance at 995.00.
Expected trend for today: Bullish
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American International Group stalls - Analysis - 22-10-2021
American International Group's stock (AIG) fell in the intraday levels on profit-taking while gathering momentum and venting off overbought saturation in the RSI, as the current resistance of 59.85 held on, amid the dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA.
MoreEvening update for Crude oil 22-10-2021
Crude oil price confirmed breaching 82.65 level and rallies upwards to head towards regaining the main bullish trend again, on its way to achieve additional gains that extend to 84.55, noting that the EMA50 supports the expected rise, which will remain valid unless breaking 82.65 and holding below it again.
MoreEvening update analysis for Gold 22-10-2021
Gold price traded with strong positivity to breach 1797.00 and reach 1814.00 level, and bounced bearishly to settle below the first level, waiting to get new positive momentum that assist to push the price to resume the positive trades that target 1825.15 mainly, reminding you that the continuation of the bullish trend requires holding above 1770.00.
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