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Bank of America ends cautiously higher - Analysis - 22-10-2018
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.
Therefore we expect the stock to return lower, especially if the support of 27.81 was breached, targeting the next one at 26.48.
Expected trend for today: Likely Bearish
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Microsoft tries to regain footing - Analysis - 22-10-2018
Microsoft's stock returned higher amid the complete dominance of the main upward trend in the medium and short terms along the trend line as shown in the attached chart, with positive signals from the RSI, scoring a nominal profit of 0.15% in the last session, or 0.16 points, while striving to shake off negative pressure from the 50-day SMA.
MorePayPal witnesses surge in trading volumes - Analysis - 22-10-2018
PayPal Holdings' stock spiked 9.42% in the last session, or 7.30 points, touching the resistance of the 50-day SMA, while hurt by a negative pattern that formed in the short term, the Rising Wedge pattern.
MoreFacebook readies to pierce current support - Analysis - 22-10-2018
Facebook's stock fell in the intraday levels, amid negative pressure from the 50-day SMA, recording a loss of 0.56% in the last session, or 0.87 points, while leaning on the support of 153.60, representing the ratio 61.8% of Fibonacci retracement levels for an ascending wave in the medium term (from 113.55 to 218.62).
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