Chinese Alibaba's stock rose in the intraday levels, scoring a profit of 0.35% in the last session, or 0.34 points, as the stock settles above the support of 96.01, representing the ratio 61.8% of Fibonacci retracement levels for a descending wave in the long term (from 120.00 57.20), after the stock fell previously on profit-taking and to lean on that support to gain positive momentum. 

Therefore we expect more gains to come for the stock, targeting the resistance of 106.56, which represents the ratio 78.6% of the same retracement levels mentioned earlier, provided it settles above 96.01. 

Nike shares ended Tuesday trades lower by (-0.02 point) or (-0.04%) of the previous closure reaching the resistance level 56.90 after it was able to hold above 55.50 level that coincides with SMA 50, comes after rebounding from 54.70 support, after passing 56.90 level to face the support level 55.50 support, comes after it fell reaching the support 51.40 that coincided with the channel support, as the price moved within a bearish channel during the previous trades.

The price rose during the previous trades from 51.40 support that coincided with the channel’s support, pushing the price to rise passing the bearish channel with passing 54.70 lately and to reach 56.90 resistance, which considered as a positive sign for a positive rise that pushed the price to pass 55.50 resistance.

Generally; the price is now facing 56.90 resistance level, as if the price was able to trade and hold above this level it will target the next resistance 57.95, but the stability of the current resistance will push down the price to retest 55.50 support.

PFIZER shares ended Wednesday trades higher by (0.35 point) or (1.01%) of the previous closure affected by the channel’s support coinciding with the SMA 100 in addition to the support level 34.65 falling from the resistance level 37.35 which pushed down the price to reach the current support level 35.50 coinciding with SMA 100, comes after the price traded below the channel’s bottom line reaching the support level 33.95 that coincided then with the SMA 100 to push the price up again trading within the bullish channel range .

The price rose previously to remain adjacent to the channel’s resistance, then to fall previously retesting the support level 34.65, then the share increased its decline to retest the channel’s support with retesting the SMA 100.

Generally; the stability of the current supports represented in 35.50 level with the channel’s support and the SMA 100 keeps the bullish main direction active targeting the resistances 36.00 and 36.45, but holding below the channel’s support with holding below 35.50 level will clear the way for a bearish movement that will target 34.65 then 33.95 supports.

Netflix shares ended Wednesday trades higher by (1.25 point) or (1.31%) of the previous closure, trading around 95.50 resistance that coincided with the bearish trend line for the previous medium trades, comes after facing 88.00 support level which the price was able to adjust it to 84.85 after rebounding from 88.00 support, comes after a bullish trails ahead the resistance 103.80 as the highest recorded level during the previous trades.

The price failed during the previous trades to hold above the resistance 103.80 to fall again passing 95.50 level with passing the SMAs 50 and 100, to fall reaching 84.85 level.

Generally; the prices ability to trade back above 95.50 resistance will push it ahead the next one 103.80 supported by SMAs 50 and 100, but trading back below 95.50 will push down the price to retest the support 84.85.