Twitters extends gains - Analysis - 21-10-2022
Twitter's stock (TWTR) kept rising in the last session amid the dominance of the upward correctional wave in the short term, while buoyed by piercing the main downward trend line recently, with positive support from the 50-day SMA, coupled with positive signals from the RSI.
Therefore we expect more gains for the stock, targeting the first resistance at 54.57.
Expected trend for today: Bullish
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Illumina trapped in a hesitant place - Analysis - 21-10-2022
Illumina's stock (ILMN) gained ground in the last session, supported by trading above the 50-day SMA, with positive signals from the RSI, however, the main downward medium-term trend remains dominant.
Therefore we expect the stock to return lower, targeting the pivotal support of 173.45, provided the resistance of 224.28 holds on.
Expected trend for today: Bearish
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Honeywell suffers from negative pressures - Analysis - 21-10-2022
Honeywell's stock (HON) fell in the intraday levels amid negative pressure from the 50-day SMA, amid the dominance of the main downward trend in the medium term, with negative signals from the RSI after reaching overbought levels.
Therefore we expect more losses for the stock, targeting the pivotal support of 167.35, provided the resistance of 185.25 holds on.
Expected trend for today: Bearish
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Western Digital rises in a volatile session - Analysis - 21-10-2022
Western Digital's stock (WDC) rose in the last session amid negative pressure from the 50-day SMA, with the dominance of the main downward trend in the medium and short terms, coupled with negative signals from the RSI, in at attempt to regain past losses.
Therefore we expect the stock to return lower, targeting the support of 31.56, provided the resistance of 37.79 holds on.
Expected trend for today: Bearish
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