|
Cisco responds to the SMA support and rise - analysis 02-08-2016
Cisco shares ended Monday’s trading higher by (0.20 point) or (0.66%) of the previous closure trying to inspect 31.20 resistance after trading above 30.50 level, comes after it was able to adjust the support level to 27.15 and then to rebound passing the SMAs 50 and 100 and the resistance level 28.65 to trade currently above 29.40 level, also after facing the level 29.40 as the highest recorded price during the previous trades after the fluctuation between this level and the support level of 28.65, as the price fell previously to retest 27.15 level.
The price succeeded to hold above 28.65 level previously as the highest recorded level during the previous month, which pushed the price to pass 29.40 resistance and also 30.50 level.
Generally; the continuation of the current rise requires the stability of the price above 30.50 level which will push the price ahead 31.20 resistance and may extend to 32.00, but trading back and holding below 30.50 will push the price to retest the support 29.40.
Thanks for your feedback.
Apple resumes its rise and passes the resistance- analysis 02-08-2016
Apple shares ended trading on Monday higher by (1.84 point) or (1.77%) of the previous closure to pass the level 104.00 after passing the pivotal resistance 100.00 that curbed the previous rise, which pushed the price to retest the support of the SMAs 50 and 100 that coincided with testing 96.65 support, these supports pushed the price to face 104.00 resistance level as the (D) point for the shown above harmonic pattern concluding the month of July around this resistance.
MoreThe resistance level stops Google shares rise - analysis 02-08-2016
Google shares ended Monday’s trading higher by about (4.09 point) or (0.53%) from the previous closure to pass 739.00 level reaching 775.50 resistance, comes after passing the level 685.80, which the price reached after it succeeded to achieve the target of the harmonic pattern shown above, which pushed it to trade higher during the previous trades passing 719.00 and 724.00 levels, where the mentioned price represents the (B) point for the pattern, as the price was able to pass it, to reach the next resistance at 739.00 as the (D) point for the pattern.
MoreGeneral Electric tries to pass the support - analysis 02-08-2016
General electric shares ended Monday’s trading slightly higher by (0.01 point) or (0.03%) of the previous closure as it ended the trades of the week before with a bearish gab around the level 31.70 to trade facing 31.20 during the end of last week trades.
More