Apple's stock (AAPL) fell in the intraday levels, registering a loss of 0.40% in the last session, or 0.64% in the last session, after hitting an intraday high at 163.96, bouncing off it lower and turning the gains into losses before the close, with positive pressure from the 50-day SMA, while trading within an ascending price channel that limited recent short-term trading, with a noticeable rise in trading volumes.
Therefore we expect the stock to return higher, targeting the resistance of 165.06.
To review detailed report about releasing the new iPhone X and longer term technical overview, please check this report.
Ford Motor Company's stock (F) rallied in the intraday levels, scoring a new profit of 1.58% in the last session, or 0.18 points, as the stock manages to pierce the resistance of 11.54, representing the ratio 38.2% of Fibonacci retracement levels for a descending wave in the short term (from 13.27 to 10.47), with positive pressure from the 50-day SMA.
Therefore we expect more gains for the stock, as long as it settles above 11.54, targeting the next resistance of 11.87, which represents the ratio 50% of the same retracement levels.
Coca-Cola's stock (KO) kept rising in the intraday levels, scoring a new profit of 0.43% in the last session, or 0.20 points, amid the dominance of the upward short-term trend, with positive pressure from the 50-day SMA.
Therefore we expect more gains for the stock, targeting the resistance of 46.93.
Microsoft's stock (MSFT) fell in the intraday levels, registering a loss of 0.11% in the last session, or 0.08 points, while nonetheless confirming the breach of the important resistance of 74.42 despite the drop, as the stock seeks to gather momentum to help it rebound anew, with positive support from the 50-day SMA, coupled with the dominance of the main upward medium-term trend.
Therefore we expect the stock to return higher, as long as it settles above 74.42, targeting the resistance of 77.25.