Facebook regains footing - Analysis - 17-11-2017

City Group's stock (C) fell in the intraday levels, recording a minute loss of 0.08% in the last session, or 0.06 points, after touching the resistance of the 50-day SMA, while the RSI reached extremely oversold levels compared to the stock's movement, with the dominance of the main upward trend in the medium and short terms.

General Motors' stock (GM) rose in the intraday levels, scoring a new profit of 1.73% in the last session, or 0.74 points, with positive support from the 50-day SMA, coupled with positive signals from the Relative Strength Index, amid the dominance of the main upward trend in the medium and short terms.

General Electric's stock (GE) fell in the intraday levels, recording a small loss of 0.05% in the last session, or 0.01 points, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI, while the stock settled below the resistance of 19.34, which represents the ratio 50% of Fibonacci retracement levels for an ascending wave in the long term (from 5.73 to 32.95).