Stoxx 600 Index unable to break resistance
Stoxx 600 Index (SXXP) wasn't able to break 457 resistance. Trend remains in a downtrend for the moment. Keep an eye at that level. Source : Bloomberg
Taiwan Semiconductor 2nd attempt
Taiwan Semiconductor (TSM US) is trying to breakout June downtrend resistance for the second time. This time volume is very strong. Source : Bloomberg
Diageo looking for support
Diageo (DGE LN) down 15% today, under a lot of pressure. Next support level is the 2009 uptrend support around 2660. There is also another support at 2500. Source : Bloomberg
Walt Disney breaking out ?
Walt Disney (DIS US) has consolidated 60% since March 2021 ! Has tested the last two months the 79 support represented by March 2020 low. Now the stock is showing signs of breakout August 2022 downtrend. Keep an eye. Source : Bloomberg
S&P 500 Index at resistance level
S&P 500 Index has made a 6.5% rebound since end of October lows. Trend remains bearish, keep an eye on last swing high resistance 4345-4378. Will it have enough strenght to break this level ?
Crude Oil approaching support
Crude Oil WTI has now consolidated 17% since September high ! It's approaching last swing low support. Keep an eye at 77.62 level.
US 10 year yield on support
US 10 year yield (USGG10YR) is testing support 4.5153. This is a key level for the trend to remain bullish. Keep an eye at the close. Source : Bloomberg
Geberit rebounds after earnings
Geberit (GEBN SW) is rebounding strongly after earnings. Stock is up 8% today and more than 12% since October low. Keep an eye at next resistance zone 468.80-476 represented by February downtrend resistance. Source : Bloomberg
