Xerox Holdings' stock (XRX) rose in the intraday levels, while buoyed by trading above the 50-day SMA, amid the dominance of the main downward trend in the short term, with negative signals from the RSI after reaching overbought levels.
Therefore we expect the stock to return lower, targeting the support of 14.10, provided the resistance of 16.26 holds on.
Expected trend for today: Bearish
AMD's stock rose in the intraday levels after a dip in post-close trading, with the research company Gartner expecting total industry earnings to fall by 4% next year as the economy weakens, with the stock barely rising 0.27% in the last session, or 20 cents, settling at 73.39, with trading volumes surpassing 51.8 million shares, above 10-day averages of 65.6 million shares.
Technically, the stock is trading alongside the main downward trend line in the short term, with negative signals from the RSI after reaching overbought levels, countered by positive support from the 50-day SMA.
Therefore we expect the stock to decline and target the support of 62.83, provided it settles below the pivotal resistance of 71.60.
Expected trend for today: Bearish
Clorox Company's stock (CLX) skidded in the intraday levels while gathering momentum to rise anew, amid negative signals from the RSI after reaching overbought levels, amid positive support from the 50-day SMA, while buoyed by piercing the downward short-term trend line recently.
Therefore we expect the stock to return higher, targeting the resistance of 160.60, provided the support of 138.61 holds on.
Expected trend for today: Bullish
The NZDUSD pair shows new attempts to breach 0.6240 level, waiting to confirm the beach to open the way to rally towards our next target at 0.6300, to keep the bullish trend scenario valid and active for today unless breaking 0.6175 and holding below it.
The expected trading range for today is between 0.6160 support and 0.6270 resistance
The expected trend for today: Bullish