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Amazon exposed to negative pressure - Analysis - 28-03-2018
Amazon's stock (AMZN) tumbled in the intraday levels, registering a loss of 3.78% in the last session, or 58.81 points, and trespassing the support of the 50-day SMA, exposing to negative pressure, while also piercing the support of 1498.00, embarking on a descending correctional journey that could take some time.
Therefore we expect more losses for the stock, as long as it settles below 1498, targeting the support of 1265.93.
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Steel corrects main upward trend - Analysis - 28-03-2018
US Steel Corporation's stock (X) fell in the intraday levels, recording a loss of 4.89% in the last session, or 1.73 points, amid the dominance of the descending correctional short-term wave, with negative pressure from the 50-day SMA, countered with the dominance of the main upward medium-term trend, with positive signals from the Relative Strength Index after reaching extremely oversold levels.
MoreSiriusXM seeks a bottom to boost it - Analysis - 28-03-2018
Sirius XM holdings' stock (SIRI) fell in the intraday levels, registering a loss of 1.90% in the last session, or 0.12 points, as the stock seeks a bottom to bounce it higher anew, amid the dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA, while a positive divergence formed in the Stochastic indicator as shown below the attached chart.
MoreJohnson & Johnson surrounded with negative signals - Analysis - 28-03-2018
Johnson & Johnson's stock (JNJ) fell in the intraday levels, recording a loss of 0.14% in the last session, or 0.18 points, amid negative pressure from the 50-day SMA, while settling below the resistance of 128.82, representing the ratio 50% of Fibonacci retracement levels for an ascending wave in the medium term (from 94.28 to 148.32).
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