Apple's stock fell 1.11% in the last session, or 1.97 points, while settling anew below 177.07, representing the ratio 61.8% of Fibonacci retracement levels for an ascending wave in the medium term (from 142.21 to 233.47), while the RSI reached overbought levels compared to the stock's movements.
Therefore we expect more losses for the stock, targeting the next support at 163.75, which represents the ratio 76.4% of the same retracement levels mentioned above, as long as it settles below 177.07.
Expected trend for today: Bearish
Coca-Cola's stock plumbed an intraday low at 49.50, bouncing off it higher and paring the losses to a modest 0.40%, or 0.20 points, while the RSI reached oversold saturation in the RSI, with the dominance of the main upward trend in the medium and short terms, coupled with positive pressure from the 50-day SMA.
Therefore we expect the stock to return higher, especially if the resistance of 50.53 was breached, targeting the next one at 51.80.
Expected trend for today: Likely Bullish
Bank of America's stock skidded 2.63% in the last session, or 0.71 points, amid the dominance of the downward correctional wave in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI, and accompanied by a surge in trading volumes.
Therefore we expect more losses for the stock, especially if the support of 25.80 was breached, targeting the next one at 24.31.
Expected trend for today: Bearish
Microsoft's stock rose 0.62%, or 0.67 points, amid the dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA, while trying to vent off overbought saturation in the RSI.
Therefore we expect more gains for the stock, as long as the support of 107.51 holds on, targeting the pivotal resistance of 116.18.
Expected trend for today: Bullish