Take-Two Interactive Software, Inc. (TTWO) stock advanced in its latest intraday trading, confirming the breakout above the key resistance level of 245.00, which had been our previous price target. Continued positive momentum is supported by trading above its prior 50-day SMA, while the main bullish trend remains in control with movements along a short-term upward slope line. Additionally, a positive crossover has begun to appear in the Stochastic indicators, after the stock successfully unwound its earlier overbought levels, giving it more room to advance.
Therefore, we expect the stock to rise in its upcoming trading, especially as long as it remains above 245.00, to then target its next resistance at 263.00.
Today’s price forecast: Bullish.
Taiwan Semiconductor Manufacturing Company Ltd. (TSM) stock advanced slightly in its latest intraday trading, continuing its choppy sideways moves within a narrow range. This consolidation aims to gather positive momentum that could support recovery and a renewed rise, while also working to unwind some of its clear overbought levels in the Stochastic indicators, especially with negative signals beginning to appear.
Despite this sideways action, the stock remains stable above the key resistance of 248.25, confirming its breakout. The medium-term main bullish trend stays in control, with trading moving along an upward slope line that reinforces the stock’s recovery prospects.
Therefore, we expect the stock to rise in its upcoming trading, especially as long as it holds above 248.25, to then target its next resistance at 283.40.
Today’s price forecast: Bullish.
BioNTech SE (BNTX) stock advanced slightly in its latest intraday trading, in a quick attempt to recover part of its prior losses. However, a steep short-term bearish wave remains in control, with continued negative pressure from trading below its previous 50-day SMA. Additional downside risks are reinforced by bearish signals in the Stochastic indicators after reaching strongly overbought levels, exaggerated relative to price movement.
Therefore, we expect the stock to decline in its upcoming trading, as long as the resistance level of 109.50 holds, to then target the key support level of 81.20.
Today’s price forecast: Bearish.
Carnival Corporation (CCL) stock declined in its latest intraday trading, after stabilizing below the current resistance level of 32.45. Negative signals from the Stochastic indicators accompanied this move, while the stock attempts to build positive momentum that could help it recover and break that resistance. The short-term main bullish trend remains in control, with the stock supported by trading along an upward slope line and above its previous 50-day SMA, which reinforces its recovery chances.
Therefore, we expect the stock to rise in its upcoming trading, especially if it breaks the mentioned resistance of 32.45, to then target its next resistance at 35.00.
Today’s price forecast: Bullish.