Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

Facebook tries to shake off overbought saturation - Analysis - 06-08-2020

Economies.com
2020-08-06 13:24PM UTC

Facebook's stock fell 0.28% in the last session while gathering momentum to help it recover anew, while venting off overbought saturation in the RSI, amid the dominance of the main upward trend in the medium and short terms, with positive support from the 50-day SMA. 

 

Therefore we expect the stock to return higher, targeting the resistance of 268, provided it holds above 247,57. 

 

Expected trend for today: Bullish 

Google leans on main upward trend line - Analysis - 06-08-2020

Economies.com
2020-08-06 13:23PM UTC

Google's stock rose 0.59% in the last session after leaning on the main upward short-term trend line, while also leaning on the support of the 50-day SMA, with negative signals from the RSI despite reaching oversold levels. 

 

Therefore we expect more gains for the stock, targeting the resistance of 1,530, provided the support of 1,436 holds on.  

 

Expected trend for today: Bullish 

Intel returns lower - Analysis - 06-08-2020

Economies.com
2020-08-06 13:23PM UTC

Intel's stock returned lower with a 0.21% loss in the last session while hurt by a negative pattern that formed recently in the short term, the Rising Wedge pattern, with negative pressure from the 50-day SMA, countered with positive signals from the RSI. 

 

Therefore we expect more losses for the stock, targeting the first support at 46.95, provided the resistance of 51.98 holds on. 

 

Expected trend for today: Bearish 

Microsoft gathers positive momentum - Analysis - 06-08-2020

Economies.com
2020-08-06 13:23PM UTC

Microsoft's stock fell after the resistance of 216.26 held on, while gathering momentum to help it rise anew, as it vents off overbought saturation from the RSI, while trading within an ascending price channel that guided recent trading, with positive pressure from the 50-day SMA. 

 

Therefore we expect the stock to return higher, targeting the resistance of 226.22, provided the resistance of 216.26 was breached. 

 

Expected trend for today: Bullish