|
General Electric suffers from negative pressures - Analysis - 17-11-2017
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).
Therefore we expect more losses for the stock, as long as the resistance of 19.34 holds on, targeting the next support at 16.13, which represents the ratio 61.8% of the same retracement levels.
Thanks for your feedback.
Midday update for bitcoin 17-11-2017
Bitcoin price bounced downwards clearly after testing 8000.00$ barrier, to lean on the minor bullish channel's support and resumes the bullish bias again, which keeps the overall bullish trend scenario active until now depending on stability above the key support 7550.00.
MoreMidday update for NZDUSD 17-11-2017
The NZDUSD pair managed to break 0.6818 level and settles below it, which supports the continuation of our bearish overview efficiently in the upcoming period, paving the way to head towards our extended target that reaches 0.6618, to keep the bearish trend valid on the intraday and short term basis unless breaching 0.6992 and holding above it.
MoreMidday update for AUDUSD 17-11-2017
The AUDUSD pair resumes its negative trading to approach from our waited target at 0.7516, and the EMA50 continues to push negatively on the price, to support the chances of breaking the mentioned level followed by opening the way to head towards 0.7415 as a next main station.
More