Unilever (ULVR.UK) claims that it will 'slim down' a business but will not spin off its food business. This decision was perceived as a positive by shareholders, attracting investors to buy Unilever shares again, at the major support level at 45 pound per share (EMA200, a red line) and 38.2 Fibonacci retracement of the upward wave started in January 2024. Now shares approach 47 pounds per share level, near EMA50, signalling possible sellers activity and test for today momentum.
Source: xStation5
Daily Summary: Wall Street Hits New Records as Oil Prices Cool
๐ฏMeme Stock 2.0? GameStop Wants to Buy eBay While Michael Burry Jumps Ship
US OPEN: Wall Street reaches new heights on Intel-Apple optimism
Unexpected beneficiaries of the AI boom: Caterpillar