Twitter on track to tackle main downward trend line - Analysis - 09-08-2022
Twitter's stock (TWTR) surged after the Wall Street Journal reported a court in Delware decided Elon Musk could change his case against the social media company, which he agreed to purchase for $44 billion, however Musk refused to delay court to November, with the stock rallying 6.60%, or 2.55 points, settling at 41.20, with trading volumes surpassing 18.2 million shares, above 10-day averages of 11.6 million shares.
Technically, the stock managed to shake off negative pressure from the 50-day SMA, with positive divergence forming in the RSI after reaching oversold levels, with positive signals out of it, however the main downward trend remains dominant.
Therefore we expect more gains for the stock, targeting the pivotal resistance of 45.00, provided the current resistance of 40.95 holds on.
Expected trend for today: Bullish
Target spikes - Analysis - 08-09-2022
Target's stock (TGT) surged after the company said it'll cancel its retiring policies, opening the way for current CEO Brian Cornell, aged 63 years old, to maintain his position for another 3 years, with the stock spiking 4.41%, or 7.21 points, settling at 170.79, with trading volumes surpassing 5.2 million shares, above 10-day averages of 3.8 million shares.
Technically, the stock found support after leaning on the 50-day SMA, while also leaning on the upward correctional short-term trend line, gaining further momentum, as the RSI reached oversold levels.
Therefore we expect more gains for the stock, targeting the pivotal resistance of 184.00, provided the support of 157.18 holds on.
Expected trend for today: Bullish
Ford emits more positive signals - Analysis - 08-09-2022
Ford Motor Company's stock (F) rose in the last session, amid the dominance of the upward correctional short-term trend, with positive pressure from the 50-day SMA, after reaching oversold levels, hinting at positive divergence.
Therefore we expect more gains for the stock, targeting the resistance of 16.68, provided it holds above 14.75.
Expected trend for today: Bullish
PayPal extends gains - Analysis - 08-09-2022
PayPal Holdings' stock (PYPL) rose after forming a positive divergence in the RSI after reaching oversold levels, with positive signals out of it, amid the dominance of the upward correctional trend in the short term, with positive support from the 50-day SMA.
Therefore we expect more gains for the stock, targeting the first resistance at 103.03, provided the support of 89.30 holds on.
Expected trend for today: Bullish