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ExxonMobil falls alongside upside correctional trends line - Analysis - 18-07-2018
ExxonMobil's stock (XOM) fell in the intraday levels, as the stock trades alongside the upward correctional short-term trend line as shown in the attached chart, with positive support from the 50-day SMA, recording a loss of 0.22% in the last session, or 0.18 points, while trying to gather momentum to help it rise anew and attack the pivotal resistance of 83.85, which represents the ratio 50% of Fibonacci retracement levels for a descending wave in the medium term (From 95.55 to 72.16).
Therefore we expect the stock to return higher, as long as the support of 81.09 holds on, targeting the resistance of 83.85.
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Walt Disney trims gains - Analysis - 18-07-2018
Walt Disney's stock (DIS) rose modestly in the intraday levels, after hitting an intraday high at 112.62, bouncing off it lower and trimming the gains, in an attempt to vent off overbought saturation in the RSI, with the dominance of the upward short-term trend, coupled with positive support from the 50-day SMA, scoring a profit of 0.09% in the last session, or 0.10 points.
MoreStarbucks tries to correct downward trend - Analysis - 18-07-2018
Starbucks' stock (SBUX) returned higher in the intraday levels, amid the dominance of the main downward trend in the medium and short terms, with negative pressure from the 50-day SMA, while the RSI reached extremely overbought levels compared to the stock's movements, scoring a profit of 0.67% in the last session, or 0.34 points.
MoreIBM tries to vent off overbought saturation - Analysis - 18-07-2018
IBM's stock fell in the intraday levels, leaning on the support of the 50-day SMA, while trying to vent off overbought saturation in the RSI and gather momentum to help it rise anew, recording a loss of 1.35% in the last session, or 1.97 points, while getting buoyed by a positive pattern that formed in the short term, the Falling Wedge pattern.
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