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Cisco trims gains - Analysis - 17-12-2019
Cisco Systems' stock marked a high at 46.58 before falling off the resistance of the 50-day SMA while testing the downward medium-term trend line, as the RSI reached overbought levels.
Therefore we expect the stock to return lower, targeting the support of 42.90.
Expected trend for today: Bearish
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Bank of America trims gains - Analysis - 17-12-2019
Bank of America's stock rose anew to a session-high at 35.09 before bouncing off it lower on profit-taking, amid the dominance of the main upward trend, with support from the 50-day SMA and the RSI.
MoreAlibaba keeps rising - Analysis - 17-12-2019
Alibaba's stock kept rising in the short term, breaching the 205.59 resistance amid the dominance of the main upward trend in the long and short terms, with support from the 50-day SMA while the RSI emitted negative signals.
MoreUpdate: Crude oil price touches the target
Crude oil price succeeded to achieve our first waited target at 60.90 and shows more bullish bias that hints the price head to achieve more expected gains in the upcoming sessions, reminding you that breaching this level will extend the bullish wave to reach 62.30 as a next station, while the expected rise will remain valid unless breaking 59.05 level and holding below it.
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