Bitcoin (CRYPTO: BTC) has been trending lower. Now it appears to have broken an important support level. That means there’s a chance the downtrend continues.
Johnson & Johnson (NYSE: JNJ) stock is oversold and getting close to a level that has been support in the past.
Oversold refers to momentum. It means the stock has been aggressively sold so hard that it is below what would be its usual or typical trading range.
Shares of Airbnb, Inc. (NASDAQ: ABNB) have trended lower since the company reported its earnings. But the stock has found support around $108. This means it may rally.
There is a reason why the $108 level is support. It’s because it has previously been a resistance level.
Oil has been in a freefall. The ProShares UltraShort Bloomberg Crude Oil ETF (NYSE: SCO) has been skyrocketing. And if oil keeps dropping, SCO will move even higher.