- Solid trading session sets up assault on pivotal resistance at $5.57; currently 5 cents away
- Lower Bollinger Band® at around $135.58
Around $5.53, Telefonaktiebolaget LM Ericsson (publ) can look to establish a new bullish phase beyond its 10 day Simple Moving Average. In contrast, it will be interesting to follow how Ericsson's run now faces a challenge at $5.57, which is only 5 cents away.
Overall, looking at the technical analysis landscape, it seems Ericsson might continue pointing upwards in the short term.
Jamf Holding's downtrend might be halted by its support level at $19.78, which is only 75 cents away. Despite this, price action pushed below a known Fibonacci support level at $21.74 by around $1.21 with prices hammering out a $20.12 – $21.97 range by session close.
Chart analysis indicates $134.9 is only $4.87 away for Salesforce and might put a stop to its current downtrend. Trend-following investors would be interested to note that Salesforce's CCI indicator is below -100, meaning the market price is unusually low and below its rolling moving average. According to asset volatility analysis, the lower Bollinger Band® of Salesforce is at $135.58.
For the time being, Salesforce remains flat without a clear direction.
Fundamental indicators – data from United States concerning Non Farm Payrolls was released yesterday at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 315,000 to 261,000 this month.