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AVGO Stock: Crisis or Major Chip Investment?
2 days ago
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February hogs closed down $0.03 at $69.33.
February hogs closed lower on Wednesday. The mid-range close sets the stage for a steady to lower opening when Thursday's day session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If February renews the decline off November's high, the October low on the weekly continuation chart crossing at $65.40 is the next downside target. Closes above the November 24th gap crossing at $71.58 would signal that a short-term low has been posted. First resistance is the November 24th gap crossing at $71.58. Second resistance is the 50-day moving average crossing at $73.44. First support is November's low crossing at $65.80. Second support is the October low on the weekly continuation chart crossing at $65.40.
February cattle closed down $5.55 at $163.43.
February cattle closed sharply lower on Wednesday as it extends the decline off September's high. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If February extends the decline off September's high, the September-2022 low crossing at $160.83 is the next downside target. Closes above the 20-day moving average crossing at $173.31 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at $173.31. Second resistance is the November 15th high crossing at $179.05. First support is today's low crossing at $162.55. Second support is the September-2022 low crossing at $160.83.
January Feeder cattle closed down $4.50 at $210.20.
January Feeder cattle closed sharply lower on Wednesday as it extends this fall's decline. The low-range close sets the stage for a steady to lower opening when Thursday's day session begins trading. Stochastics and the RSI are oversold, diverging but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If November extends the decline off September's high, the May-2023 low on the weekly continuation chart crossing at $202.18 is the next downside target. Closes above the 20-day moving average crossing at $222.94 would signal that a low has been posted. First resistance is the 20-day moving average crossing at $222.94. Second resistance is the November 20th high crossing at $232.20. First support is Monday's low crossing at $209.15. Second support is the May-2023 low on the weekly continuation chart crossing at $202.18.