Victoria’s Secret & Co’s stock price (VSCO) rose in the intraday levels, with positive signals from the RSI, while gathering profits to recover some recent losses, amid the dominance of the main downward trend in the medium term, with negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower, targeting the pivotal support of $13.62, provided it settles firmly below $20.28.
Trend forecast: Likely Bearish
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Zoom Video Communications’ stock price (ZM) rose in the intraday levels, however it reached overbought levels compared to the stock’s price, hinting at negative divergence, which would pile pressure on the stock, especially with similar negative pressure from the 50-day SMA, amid the 50-day SMA, with the dominance of the main downward trend alongside the secondary short-term trend line.
MoreThe anticipated trading range for today is between $3100.00 (support) and $3340.00 (resistance).
MoreThe anticipated trading range for today is between $60000.00 (support) and $64000.00 (resistance).
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