Altaba ends cautiously higher - Analysis - 22-10-2018

Apple's stock returned higher in the intraday levels after leaning on the support of the upside short-term trend line as shown in the attached chart, with positive signals from the RSI, scoring a profit of 1.52% in the last session, or 3.29 points, while the stock shakes off negative pressure from the 50-day SMA.

Coca-Cola's stock returned higher while shaking off negative pressure from the 50-day SMA, scoring a profit of 1.58% in the last session, or 0.72 points, amid the dominance of the upward correctional short-term wave along the trend line, readying thereafter to tackle the important resistance of 46.87, with positive signals from the RSI.

Bank of America's stock traded within a descending correctional price channel, scoring a profit of 0.25% in the last session, or 0.07 points, with positive signals from the RSI, countered with negative pressure from the 50-day SMA.