FXstreet

Microsoft’s stock (NASDAQ: MSFT) has lost approximately 16% YTD as compared to the 14% drop in the S&P500 index over the same period. The weekly price broke yearly Pivot level to below for the primary weekly bearish reversal: the price was bounced from the first pivot support level to above for the secondary rally to be started. The key level for the possible bullish trend to be resumed is 299.50 as the yearly pivot level now.

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22 months ago Palantir went public at $10 a share. With a slow growth forecast, the stock is back where it started and could fall more. The weekly price is testing the bullish triangle pattern to above together with resistance level at 11.62 for the possible bear marker rally to be started.

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Bristol Myers Squibb stock (NYSE: BMY) reported its Q2 results last week, with revenue and earnings coming in above ours and the street estimates. The weekly price is on ranging above 100 SMA and 200 SMA in the bullish area of the chart waiting for the direction of the strong trend to be started.

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Paramount Global stock posted a mixed set of Q2 2022 results, weighed down by continued losses in its streaming business and a tough advertising market, although the theatricals business fared well driven by the Top Gun sequel. The daily price is ranging near and below Ichimoku cloud for the daily bullish reversal to be started or for the bearish trend to be continuing. Resistance levels at 25.98 and 26.14 together with support levels at 23.15 are the ...

Amazon’s stock (NASDAQ: AMZN) has lost roughly 14% YTD as compared to the 13% drop in the S&P500 index over the same period. The weekly price was bounced from support level at 105 to above for the primary bullish trend to be resumed with resistance level at 143 as the key level for the bullish trend to be continuing.

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