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Cisco stalls - Analysis - 29-06-2020

Economies.com
2020-06-29 13:49PM UTC

Cisco Systems' stock fell on profit-taking while gathering momentum to help it rise anew, amid positive pressure from the 50-day SMA, with the dominance of the upward short-term trend, coupled with positive signals from the RSI. 

 

Therefore we expect the stock to rise and target the pivotal resistance of 50.26, provided the support of 43.54 holds on. 

 

Expected trend for today: Bullish

eBay readies to tackle current resistance - Analysis - 29-06-2020

Economies.com
2020-06-29 13:49PM UTC

eBay's stock rose in the intraday levels amid the dominance of the main upward short-term trend, with support from the 50-day SMA while tackling the resistance of 51.80, with positive signals from the RSI despite reaching overbought levels. 

 

Therefore we expect more gains for the stock, targeting the resistance of 54.90, provided the resistance of 51.80 was breached first. 

 

Expected trend for today: Bullish

Facebook sharpens decline - Analysis - 29-06-2020

Economies.com
2020-06-29 13:48PM UTC

Facebook's stock kept falling in the intraday levels while piercing the support of the 50-day SMA after breaching the upside short-term trend line previously, with negative signals from the RSI and a surge in trading volumes. 

 

Therefore we expect more losses for the stock, targeting the first support at 200.70, provided the resistance of 223.17 holds on. 

 

Expected trend for today: Bearish 

Google surrounded with negative signals - Analysis - 29-06-2020

Economies.com
2020-06-29 13:48PM UTC

Google's stock slid after piercing the support of the ascending price channel recently, breaking through the support of the 50-day SMA as well, doubling pressures amid negative signals from the RSI. 

 

Therefore we expect more losses for the stock, targeting the first support at 1298.48, provided it holds below 1385.30. 

 

Expected trend for today: Bearish