Twitter emits more negative signals - Analysis - 07-06-2022
Twitter's stock declined in the intraday levels after Tesla CEO Elon Musk he might end the acquisition deal if Twitter continued to refuse offering the information about fake accounts, with Twitter responding by asserting it'll share information cooperatively with Musk, with the stock sliding 1.49%, or 60 cents to 39.56, with trading volumes surpassing 26.1 million shares, above 10-day averages of 17.8 million shares.
Technically, the stock is suffering negative pressure from the 50-day SMA, amid the dominance of the main downward trend in the medium term, as the RSI reached overbought levels compared to the stock's movements, hinting at negative divergence.
Therefore we expect more losses for the stock, targeting the first support at 35.40, provided it settles below the resistance of 40.96.
Expected trend for today: Bearish
Zoom returns higher - Analysis - 07-06-2022
Zoom's tock (ZM) returned higher amid support from the 50-day SMA, while buoyed by piercing the downward trend line previously, marking a profit of 1.45%, or 1.59 points, and settling at 111.01, with negative signals from the RSI after reaching overbought levels.
Therefore we expect more gains for the stock, targeting the first resistance at 127.37, provided the support of 94.50 holds on.
Expected trend for today: Bullish
Midday update for Brent oil 07-06-2022
Brent oil price trades negatively now to attack 119.00 level and settles below it, which puts the price under expected negative pressure in the upcoming sessions, making the bearish bias suggested for the rest of the day unless breaching 119.00 level and holding above it again, noting that our expected targets begin at 116.90 and extend to 115.10.
The expected trading range for today is between 116.50 support and 120.00 resistance.
The expected trend for today: Bearish for the rest of the day
Midday update for Crude oil 07-06-2022
Crude oil price faces new negative pressure to break 117.30 level and settles below it, to head towards expected decline for the rest of the day, on its way to visit 115.00 followed by 113.70 levels as main negative targets, making the bearish bias suggested in the upcoming sessions unless the price managed to step above 117.30 and consolidate above it again.
The expected trading range for today is between 115.00 support and 119.35 resistance.
The expected trend for today: Bearish for the rest of the day