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Bank of America leans on current support - Analysis - 29-03-2018
Bank of America's stock (BAC) fell in the intraday levels, recording a new loss of 0.44% in the last session, or 0.13 points, and leaning on the support of 29.13, while getting hurt by exiting an ascending price channel recently in the short term, amid negative pressure from the 50-day SMA.
Therefore we expect more losses for the stock, especially if the support of 29.13 was breached, targeting the next one at 27.94.
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Microsoft chalks up another loss - Analysis - 29-03-2018
Microsoft's stock (MSFT) fell in the intraday levels, recording a new loss of 0.09% in the last session, or 0.08 points, while trading alongside the main upward short-term trend line, with positive signals from the RSI, coupled with a noticeable rise in trading volumes, as the stock tries to gather momentum to help it rise anew.
MorePayPal breaches upward trend line - Analysis - 29-03-2018
PayPal Holdings' stock (PYPL) fell anew in the intraday levels, registering a new loss of 1.64% in the last session, or 1.25 points, amid negative pressure from the 50-day SMA, and piercing the main upward medium-term trend line as shown in the attached chart.
MoreFacebook tries to vent off oversold saturation - Analysis - 29-03-2018
Facebook's stock (FB) rose in the intraday levels, scoring a profit of 0.53% in the last session, or 0.81 points, as the stock tries to vent off oversold saturation in the RSI and recoup some earlier losses, amid negative pressure from the 50-day SMA, while getting hurt by exiting an ascending price channel that guided recent short-term trading.
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