Booking Holdings Trying to Rebound on Support
Booking Holdings (BKNG US) is trying to rebound on a major swing support zone between 3394-3477. Keep an eye on the close today. Source: Bloomberg
Amazon Under Pressure
Amazon is down strongly after earnings. Keep an eye on the close today; it mustn't close below 166, as this could open the door for a more complex consolidation. The next major support zone is between 144-151. Source: Bloomberg
DAX Index Reaching Major Support Zone
The DAX Index is reaching a major swing support zone between 17,626 and 17,834. This level needs to hold; otherwise, the consolidation that started in May could become more complex and last longer. Keep an eye on this development. Source: Bloomberg
Microsoft Entering Major Support Zone
Microsoft (MSFT US) is under pressure since yesterday's earnings! It's now entering a major swing support zone between 404.51 and 416.75. Keep an eye on whether this level can hold. Source: Bloomberg
Merck Under a Lot of Pressure
Merck (MRK US) is breaking strong support at 119.23 (confirmation needed at today's close). If that level breaks, the next levels to monitor are the Imbalance zone between 109.24-116.18 and the major support swing zone between 99.14-105.37. Source: Bloomberg
L'Oreal Entering Major Support Zone
L'Oreal (OR FP) is now entering a major support zone between 372-390. Keep an eye on this critical level over the next few days. Source: Bloomberg
Nestle on Major Support Level
Nestle (NESN SW) has consolidated 33% over the last 30 months! It's now back on a major support zone between 83.37 and 86.91. Keep an eye on the price action over the next few days. Source: Bloomberg
Dassault Systeme on Major Support Level
Dassault Systeme (DSY FP) has consolidated 33% since its January breakout! It is now testing a major support zone between 32.23 and 34.20. Keep an eye on this critical level over the next few days. Source: Bloomberg
