Ripple’s currency price (XRPUSD) fell in the intraday levels on profit-taking, while trying to gather positive momentum to rise anew, amid the dominance of the main upward trend, with positive signals from the RSI after reaching oversold levels, thus leaning on the support of the 50-day SMA.
Therefore we expect the price to return higher and target the pivotal resistance of $3.400, provided it settles above the support of $2.26868.
Trend forecast for today: Likely Bullish
Taiwan Semiconductor Manufacturing Company’s stock price (TSM) fell in the intraday levels, while hurt by a negative pattern that formed in the short term, the Rising Wedge pattern as shown in the attached chart, with negative pressure due to trading below the 50-day SMA.
Therefore we expect more losses for the stock, provided it settles below $187.66, targeting the support of $156.00.
Trend forecast for today: Bearish
Vertex Pharmaceuticals Incorporated’s stock price (VRTX) edged higher in the intraday levels, accompanied by a surge in trading volumes, while trading alongside the upward secondary short-term trend line, with positive support due to trading above the 50-day SMA, coupled with positive signals from the RSI.
Therefore we expect more gains for the stock, targeting the pivotal resistance of $510.64, provided the support of $445.38 holds on.
Trend forecast for today: Bullish
AT&T’s stock price (T) rose in the intraday levels, amid the dominance of the main upward trend in the medium term, with positive support from trading above the 50-day SMA, accompanied by a surge in trading volumes, with the stock managing to vent off overbought saturation in the RSI.
Therefore we expect more gains for the stock, targeting the important resistance of $28.50.
Trend forecast for today: Bullish