Walgreens Boots Alliance exposed to a free fall - Analysis - 01-07-2022
Walgreens Boots Alliance's stock (WBA) skidded after the company expected lower quarterly profits in the fourth quarter compared to last year, with the stock tumbling 7.27% in the last session, or 2.97 points, and settling at 37.90, with trading volumes surpassing 15.6 million shares, above 10-day averages of 8.2 million shares.
The stock pierced the current support of 39.72, amid the dominance of the downward short-term trend, coupled with negative pressure from the 50-day SMA, and negative signals from the RSI after reaching overbought levels.
Therefore we expect more losses for the stock, targeting the first support at 36.65, provided it settles below 39.72.
Expected trend for today: Bearish
RH sharpens decline - Analysis - 01-07-2022
RH's stock declined 10.56% in the last session, or 25.06 points, piercing the support of 236.30, and settling at 212.26, with trading volumes surpassing 3.3 million shares, above 10-day averages of million shares, as the company expects yearly earnings to fall by 5%.
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.
Therefore we expect more losses for the stock, targeting the first support at 188.40, provided it settles below 236.30.
Expected trend for today: Bearish
Midday update for Sugar price 01-07-2022
Sugar price traded with clear negativity to start pressing on 18.25 level, reinforcing the expectations of continuing the bearish trend, waiting to break this level to rally towards 17.70 as a next negative station, reminding you that holding below 18.70 is important to continue the suggested decline.
The expected trading range for today is between 17.80 support and 18.70 resistance
The expected trend for today: Bearish
Midday update for the NZDUSD 01-07-2022
The NZDUSD pair broke 0.6210 level strongly and settled below it, rienforcing the expectations of continuing the bearish trend efficiently in the upcoming sessions, and the way is open to head towards our next target at 0.6150, reminding you that holding below 0.6290 is important to continue the expected decline.
The expected trading range for today is between 0.6140 support and 0.6220 resistance
The expected trend for today: Bearish