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Facebook seeks a bottom to bounce it higher - Analysis - 16-07-2021

Economies.com
2021-07-16 12:00PM UTC

Facebook's stock (FB) fell 0.91% in the last session while seeking a bottom to bolster it higher anew, amid the dominance of the main upward trend in the short term, with positive pressure from the 50-day SMA.

 

Therefore we expect the stock to return higher, targeting the resistance of 358.70, provided the support of 339.70 holds on.

 

Expected trend for today: Bullish 

Google collects profits - Analysis - 16-07-2021

Economies.com
2021-07-16 12:00PM UTC

Google's stock (GOOG) fell on profit-taking while gathering momentum to help it rise anew, as it vents off overbought saturation in the RSI, with the dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA.

 

Therefore we expect the stock to return higher, targeting the resistance of 2,670, provided the support of 2,556 holds on.

 

Expected trend for today: Bullish 

Intel breaches current support - Analysis - 16-07-2021

Economies.com
2021-07-16 11:59AM UTC

Intel's stock (INTC) fell 0.91%b in the last session, breaching the support of 56.00, which represents the ratio 50% of Fibonacci retracement levels for an ascending wave in the short term (from 43.59 to 68.37), with negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels. 

 

Therefore we expect more losses for the stock, targeting the next support at 53.11, representing the ratio 61.8% of the same retracement levels. 

 

Expected trend for today: Bearish 

Coffee contracts’ price repeats the bullish attempts – Analysis – 16-7-2021

Economies.com
2021-07-16 09:22AM UTC

Coffee contracts’ price leaned on the strength of the additional support at 147.00 to manage to renew the bullish attempts and notice recording 158.30 level.

 

The frequent stability within the bullish channel supported by stochastic positive momentum signals increases the chances of breaching 164.00 obstacle, to manage to reach 176.80 that forms the extension of the bullish channel’s resistance.

 

The expected trading range for today is between 154.30 and 164.00

 

The expected trend for today: Bullish