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Twitter tries to gather positive momentum - Analysis - 24-10-2022

Economies.com
2022-10-24 12:27PM UTC

Twitter's stock (TWTR) fell in the intraday levels, after a report that showed the US might impose a national security review of the pending Elon Musk acquisition of Twitter, with the stock swooning 4.86%, or 2.55 points, and settling at 49.89, with trading volumes surpassing 51.2 million shares, above 10-day averages of 19.3 million shares.

 

Technically, the upward correctional short-term trend continues to dominate, with positive support from the 50-day SMA, countered by negative signals from the RSI while gathering positive momentum to rise anew.

 

Therefore we expect the stock to return higher, targeting the first resistance at 54.57, provided the support of 45.00 holds on.

 

Expected trend for today: Bullish

Snap pierces pivotal support - Analysis - 24-10-2022

Economies.com
2022-10-24 12:27PM UTC

Snap's stock declined in the intraday levels after reporting disappointing profits and expecting a steady growth in earnings for the fourth quarter, with the stock tumbling 28.08%, or 3.03 points, and settling at 7.76, with trading volumes surpassing 244.6 million shares, above 10-day averages of 65.3 million shares.

 

Technically, the main downward trend dominates in the medium and short terms, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI, piercing the pivotal support of 9.34. 

 

Therefore we expect more losses for the stock, targeting the first support at 7.10, provided it settles below 9.34. 

 

Expected trend for today: Bearish

Midday update for the NZDUSD 24-10-2022

Economies.com
2022-10-24 09:12AM UTC

The NZDUSD pair declines clearly to reach the thresholds of the first waited negative target at 0.5665, and we suggest the continuation of the bearish bias to surpass this level and open the way to head towards 0.5590 as a next negative station, to keep the bearish trend scenario valid for the upcoming sessions conditioned by the price stability below 0.5760.

 

The expected trading range for today is between 0.5665 support and 0.5780 resistance

The expected trend for today: Bearish

Midday update for the AUDUSD 24-10-2022

Economies.com
2022-10-24 09:12AM UTC

The AUDUSD pair trades with clear negativity to approach our first waited target at 0.6270, to support the continuation of the expected bearish trend for the upcoming period, which its next target reaches 0.6170, supported by stochastic negativity, reminding you that holding below 0.6397 is important to continue the suggested bearish trend.

 

The expected trading range for today is between 0.6250 support and 0.6380 resistance

 

The expected trend for today: Bearish