BEST SPAC-U's 15min chart triggered SMA20 Turn Upward, bullish momentum builds.

Friday, Jul 18, 2025 5:05 pm ET1min read

Based on the 15-minute chart of BEST SPAC-U, the 20-day Simple Moving Average (SMA) has recently triggered a turn upward, indicating a shift in market sentiment. This suggests that buyers are gaining control and driving the price higher in the short term.

Swedish telecom giant Telia has reported a strong second-quarter performance, with shares rising around 5% after the company beat market expectations for core earnings. Telia's adjusted EBITDA increased by 6.2% year-over-year to 7.97 billion Swedish crowns, outperforming the average forecast of 7.83 billion [1]. The EBITDA beat was primarily driven by robust performance in Sweden and other operations. Telia reaffirmed its 2025 guidance, expecting at least 5% EBITDA growth and free cash flow around SEK 7.5bn. The stock could see its best day since July 2024 if gains hold.

Meanwhile, Euronet Worldwide's 15-minute chart has exhibited notable technical signs, including expanding Bollinger Bands and a KDJ Golden Cross on July 17, 2025. These signals indicate a shift in market sentiment towards buyers, suggesting potential short-term upward momentum for the stock [2]. The high trading volume and peer performance divergence support the hypothesis that ENET's move was part of a broader shift towards smaller-cap AI plays.

Essex Property Trust, a leading residential real estate investment trust (REIT), has shown bullish signs on its 15-minute chart, with a KDJ Golden Cross and Bullish Marubozu pattern on July 16, 2025. These technical indicators suggest a potential upward trajectory for the stock price, with buyers taking control of the market [3]. Despite recent gains, ESS has lagged behind the S&P 500 Index and Real Estate Select Sector SPDR Fund. However, Q1 results showed strong performance, with EPS of $3.97, beating the consensus estimate by $0.05. Analysts are bullish on ESS, with a mean price target of $309.92.

References:
[1] https://www.tradingview.com/news/reuters.com,2025:newsml_L8N3TF0F0:0-telia-on-course-for-best-day-in-1-yr-after-q2-beat/
[2] https://www.ainvest.com/news/euronet-worldwide-15min-chart-displays-expanding-bollinger-bands-kdj-golden-cross-2507/
[3] https://www.ainvest.com/news/essex-property-trust-15-minute-chart-shows-bullish-signs-kdj-golden-cross-marubozu-2507-96/

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