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Ford declines within ascending correctional price channel - Analysis - 22-06-2018

Economies.com
2018-06-22 12:50PM UTC

Ford Motor Company's stock (F) fell in the intraday levels, registering a loss of 1.35% in the last session, or 0.16 points, as the stock tries to gather momentum to help it rise anew, while trading within an ascending correctional price channel in the short term, and as the RSI reached extremely oversold levels compared to the stock's movements, with positive pressure from the 50-day SMA. 

 

Therefore we expect the stock to return higher, provided it settles back above 11.81, representing the ratio 50% of Fibonacci retracement levels for a descending wave in the short term (from 13.48 to 10.14), targeting thereafter the resistance of 12.20, representing the ratio 61.8%. 

Tesla ends lower - Analysis - 22-06-2018

Economies.com
2018-06-22 12:47PM UTC

Tesla's stock (TSLA) fell in the intraday levels, recording a loss of 4.06% in the last session, or 14.71 points, as the stock tries to gather momentum to help it rise anew, while venting off overbought saturation in the RSI, while the stock exits a descending correctional price channel that limited recent short-term trading, with positive pressure from the 50-day SMA.

 

Therefore we expect the stock to return higher, provided the support of 331.85 holds on, targeting the resistance of 389.61. 

Netflix tries to vent off overbought saturation - Analysis - 22-06-2018

Economies.com
2018-06-22 12:46PM UTC

Netflix's stock (NFLX) fell in the intraday levels, recording a loss of 0.32% in the last session, or 1.32 points, as traders collect short-term profits, while the stock vents off overbought saturation in the RSI, gathering momentum to help it rise anew, amid the dominance of the upward trend in the medium and short terms, with positive pressure from the 50-day SMA. 

 

Therefore we expect the stock to return higher, as long as it settles above 395.87, targeting the resistance of 434.58. 

Twitter gathers positive momentum - Analysis - 22-06-2018

Economies.com
2018-06-22 12:46PM UTC

Twitter's stock (TWTR) fell in the intraday levels, recording a loss of 1.93% in the last session, or 0.89 points, as the stock tries to gather momentum to help it rise anew, amid positive support from the 50-day SMA, with the dominance of the main upward short-term trend, as the Relative Strength Index reached extremely oversold levels in tandem with the stock's movements. 

 

Therefore we expect the stock to return higher, especially if the resistance of 46.99 was breached, targeting the next one at 53.36.