|
eBay parks at strong resistance - Analysis - 17-12-2019
eBay's stock retested the resistance of 35.85, representing the ratio 38.2% of Fibonacci retracement levels for an ascending wave, while touching the resistance of the 50-day SMA, as the RSI reached overbought levels compared to the stock.
Therefore we expect the stock to return lower, targeting the next support at 33.97.
Expected trend for today: Bearish
Thanks for your feedback.
City Group settles near year peak - Analysis - 17-12-2019
City Group's stock rose in the intraday levels amid the dominance of the main upward trend with support from the 50-day SMA, countered by negative signals from the RSI.
MoreCisco 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.
MoreBank 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.
More