Today’s instrument is the Agilent Technologies Inc. stock traded in the NYSE exchange under ticker A.
If we look at the A Weekly chart, we can see after the drop to the $158 at the start of the week, it managed to bounce right back up at the previous levels at around $162, where it held strongly as support during the week and on the 19th it also moved higher into the $165 range, now set at its resistance. Its last traded price was $164.17 right below the resistance and support can be found at $162.
Agilent Technologies Inc. had scheduled a third-quarter earnings announcement today 22/11/2021. If earning expectations are surpassed, we could expect the price to move upwards, towards the $170 price range.
Today we could expect a move upwards near the resistance of $165 possibly further towards $168.
If however, it doesn’t manage to hold above the current price range then a case can be made for moving towards the support of $162.
(Click on image to enlarge)
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