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Facebook readies to pierce current support - Analysis - 22-10-2018
Facebook's stock fell in the intraday levels, amid negative pressure from the 50-day SMA, recording a loss of 0.56% in the last session, or 0.87 points, while leaning on the support of 153.60, representing the ratio 61.8% of Fibonacci retracement levels for an ascending wave in the medium term (from 113.55 to 218.62).
Therefore we expect more losses for the stock, especially if the support of 153.60 was breached, targeting the next one at 138.35, representing the ratio 76.4% of the same retracement levels.
Expected trend for today: Bearish
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City Group strives to vent off oversold saturation - Analysis - 22-10-2018
City Group's stock rose 0.35% in the last session, or 0.24 points, as the stock vents off oversold saturation in the RSI, amid negative pressure from the 50-day SMA, while hurt by exiting an ascending price channel recently in the short term.
MoreMidday update for bitcoin 22-10-2018
The tight range dominates Bitcoin price trades, which remains stable below 6500.00 level, thus, no change to the bearish trend scenario that depends on the price stability below the mentioned level, while the expected targets begin at 6040.00 followed by 5880.00.
MoreMidday update for NZDUSD 22-10-2018
The NZDUSD pair keeps its stability below the main bearish channel’s resistance, to keep the bearish trend scenario valid for today, supported by stochastic negativity, waiting to head towards 0.6500 level that represents our first main target, reminding you that it important to hold below 0.6625 level to continue the expected decline.
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