Materials sector retesting important level
Materials sector (XLB US) is retesting April 2022 resistance downtrend level. Keep an eye at this level for breakout confirmation. Source : Bloomberg
SMI Index on lower end of trend channel
SMI Index (SMI) is testing the lower end of September 2022 bullish trend channel. Will market have enough strenght to rebound from here ? Next support levels are 10'850 and 10'600. Source : Bloomberg
Chevron breakout ?
Chevron (CVX US) is trying to breakout of massive triangle pattern. Will it be able to break ? Keep an eye on volume. Source : Bloomberg
Nestle on the lower end of the channel
Nestle (NESN SW) is once again testing the lower end of the channel around 104. Will it rebound like the last times ? Source : Bloomberg
Microsoft approaching support 316
Microsoft (MSFT US) continues it's consolidation since mid July. It's now approaching important support level at 316. That level was March 2022 high and May 2023 breakout level. Keep an eye at that level. Source : Bloomberg
S&P 500 Index approaching support zone 4448-4458
S&P 500 Index (SPX) is approaching strong support zone 4'448-4'458. Keep an eye at that level. If that level breaks, next major support is 4'325. Source : Bloomberg
Siemens under pressure
Siemens (SIE GY) is under pressure. Next support zone is 136-138. Keep an eye on this key level. If it breaks, next level is at 126.50. Source : Bloomberg
Berkshire Hathaway breakout ?
Berkshire Hathaway (BRK/B US) has had an incredible 13% rally since last major resistance 319-320 and a 40% rally since the lows in October 2022 ! Stock is now on resistance 362.10. Will it have enough strenght to breakout ? Source : Bloomberg
