American International Group's stock (AIG) rose 3.07% in the last session while holding above 36.19, which represents the ratio 50% of Fibonacci retracement levels for a descending wave in the medium term (from 56.38 to 16.05), with positive signals from the RSI after reaching oversold levels, in an attempt to shake off negative pressure from the 50-day SMA.
Therefore we expect more gains for the stock, targeting the next resistance at 41.00, representing the ratio 61.8% of the same retracement levels.
Expected trend for today: Bullish
Boeing's stock (BA) rose 2.6% in the last session, amid negative pressure from the 50-day SMA, amid the dominance of the downward correctional wave in the short term, as it vents off oversold saturation from the RSI.
Therefore we expect the stock to return lower, targeting the support of 186.85, provided the resistance of 208.00 holds on.
Expected trend for today: Likely Bearish
Bank of America's stock (BAC) rose 3.57% in the last session after leaning on the support of the 50-day SMA, coinciding with the RSI reached oversold levels, forming positive divergence, amid the dominance of the main upward trend in the medium term.
Therefore we expect more gains for the stock, targeting the first resistance of 33.10, provided the support of 29.00 holds on.
Expected trend for today: Bullish
City Group's stock (C) rose 1.97% in the last session, amid positive signals from the RSI after reaching oversold levels, while steadying above the support of 57.55, representing the ratio 50% of Fibonacci retracement levels for a descending wave in the medium term (from 83.07 to 31.98), while shaking off negative pressure from the 50-day SMA.
Therefore we expect more gains for the stock, targeting the next resistance at 63.52, representing the ratio 61.8% of the same retracement levels.
Expected trend for today: Bullish