Netflix approaches low level

Source: Dukascopy Bank SA


The price for Netflix encountered resistance in the 700.00 mark in October and November. The resistance eventually held and a decline started. By the middle of December, the stock price had almost reached the September low level zone at 569.00/576.00. Meanwhile, the support zone was being approached by the 200-day simple moving average.

In the case that the stock price passes below the low level zone and the 200-day simple moving average, the price could look for support near the 500.00 mark. Note that the 500.00 level is being crossed by the trend line, which connects historical low levels.

On the other hand, a recovery of the price might find resistance in the 50-day simple moving average near 650.00, before aiming at the 700.00 level.
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Tue, 21 Dec 2021 08:41:41 GMT

AT&T stock faces SMA

In December, the stock price for AT&T booked low levels in the 22.05/22.23 zone. However, on December 16 a recovery started, which recently reached above the 24.00 mark. If the price continues to recover, it is highly likely set to find resistance in the 50-day simple moving average near 24.50. The simple moving average has been acting as resistance,

Mon, 20 Dec 2021 12:02:52 GMT

Cocoa declines in pattern

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