|
eBay in a free fall - Analysis - 22-10-2018
eBay's stock gave up ground and breached the support of 31.28, representing the ratio 61.8% of Fibonacci retracement levels for an ascending wave in the medium term (from 21.52 to 47.07), with negative pressure from the 50-day SMA, coupled with a surge in trading volumes.
Therefore we expect more losses for the stock, targeting the next support at 27.55, which represents the ratio 76.4% of the same retracement levels, as long as the resistance of 31.28 holds on.
Expected trend for today: Bearish
Thanks for your feedback.
Alibaba climbs within negative zone - Analysis - 22-10-2018
Chinese Alibaba's stock steadied below the resistance of 148.85, representing the ratio 50% of Fibonacci retracement levels for an ascending wave in the medium term (from 86.01 to 211.70), and scoring a profit of 0.64%, or 0.91 points, with negative pressure from the 50-day SMA.
MoreAltaba ends cautiously higher - Analysis - 22-10-2018
Altaba's stock rose 0.55% in the last session, or 0.33 points, with negative pressure from the 50-day SMA, while trading within a descending price channel that guided recent short-term trading, with negative signals from the RSI.
MoreApple strives to shake off negative pressure - Analysis - 22-10-2018
Apple's stock returned higher in the intraday levels after leaning on the support of the upside short-term trend line as shown in the attached chart, with positive signals from the RSI, scoring a profit of 1.52% in the last session, or 3.29 points, while the stock shakes off negative pressure from the 50-day SMA.
More