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
A tough technical picture for Microsoft $MSFT. This is the first 200-Day SMA test since March 2023.
Source: Trendspider
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
Walt Disney Reaching 1st Support Zone
Walt Disney (DIS US) has consolidated 61% since March 2021 and recently confirmed a change in the bearish trend! The stock is back at very important levels. The 1st support zone at 88-91 is critical to watch, and if it breaks, the next level to keep an eye on is between 78.73 and 84. Source: Bloomberg
