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Continuing recession on JPMorgan shares - analysis 01-08-2016
JPMorgan shares ended the trades on Friday lower by (-0.13 point) or (-0.2%) of the previous closure to hold above 63.60 resistance and the support of SMA 50, comes after the prices was able to achieve the broken channel target at 57.04 level and then to rebound above 58.60 level again to pass 61.56 resistance.
comes after a bullish movement that haunted the channel support that the price moved within its range previously to fall passing 58.60 level during the yesterday trades, comes after the shares was able to breach the bullish channel support and after the price returned to fall previously passing the level 61.65 that represents 61.8% correction level for the previous decline to face the support level 60.80 represented by 50% correction level, showing the formation of a bullish channel during the previous medium trades.
Generally; the continuation of the current rise requires the stability above 63.60 which will push the price ahead the next resistance 65.58 that coincides with 76.4% correction level for the same decline, but the stability of the current resistance may push down the price to retest 61.56 support.
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Johnson & Johnson rise from the support - analysis 01-08-2016
JOHNSON & JOHNSON shares ended the trading on Friday higher by (0.77 point) or (0.62%) of the previous closure, as the price succeeded to pass 124.45 to register a new record at 125.70, comes after it rose during the previous trades after facing the support level 115.00 and trying to pass 116.50 level, after the bullish movement that passed the level of 115.00 and then the level 116.50 to approach 118.00 resistance before declining again testing 15.00 support to repeat the same movement.
MoreIntel shares trying to rise again - analysis 01-08-2016
Intel shares closed Friday’s trading higher by (0.09 point) or (0.26 %) of the previous closure after passing the resistance zone between 35.00 and 35.60 levels to fall again retesting 33.90 support that coincided with SMA50, rebounding from the support level 30.55 and passing 32.75 level, comes after it rose during the previous trades after facing the levels represented by 31.60 level with the SMAs 50 and 100 to pass 32.75 level during the current trades, comes after holding below 31.60 level to fall facing 29.50 support, to rebound again facing 32.75 resistance.
MoreThe resistance pushes IBM shares to decline - analysis 01-08-2016
IBM shares ended Friday’s trading lower by (-0.75 point) or (0.46%) of the previous closure to return back to retest 162.15 resistance after trading above 152.48 level, after the support area between 145.70 and 144.00 levels curbed the pressure on the SMA 100 to push the price to rebound entering the resistance zone 152.48 again, comes after failing to pass 152.48 level after it rose during the previous short trades after facing the SMA 50, also comes after the sideways movement that started since the last rise, as the price got support from the SMA 50, comes after retesting the resistance represented by 152.48 level, which coincided with 61.8% correction level for the decline from 174.47 to 116.00.
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