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General Electric tries to pass the support - analysis 02-08-2016
General electric shares ended Monday’s trading slightly higher by (0.01 point) or (0.03%) of the previous closure as it ended the trades of the week before with a bearish gab around the level 31.70 to trade facing 31.20 during the end of last week trades.
Comes after passing several levels after failing to trade below 29.40 level which pushed the price previously to trade above 29.81 pivotal level.
Generally; the price abandon the positive momentum to drop with the start of Friday’s trade, to fall during the current week reaching 31.20 support so far, as the continuation of the current decline requires the stability below this level 31.20 to target the next support 30.95 and may extend to 30.55, but holding above 31.20 support may push the price to rise in order to retest the nearest resistance such as 31.70 and may reach 32.05.
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IBM shares extending the sideway trades below the resistance - analysis 02-08-2016
IBM shares ended Monday’s trading higher by (0.83 point) or (0.52%) of the previous closure to return back to retest 162.15 resistance after trading above 152.48 level, after the support area between 145.70 and 144.00 levels curbed the pressure on the SMA 100 to push the price to rebound entering the resistance zone 152.48 again, comes after failing to pass 152.48 level after it rose during the previous short trades after facing the SMA 50, also comes after the sideways movement that started since the last rise, as the price got support from the SMA 50, comes after retesting the resistance represented by 152.48 level, which coincided with 61.8% correction level for the decline from 174.47 to 116.00.
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JOHNSON & JOHNSON shares ended the trading on Monday higher by (0.17 point) or (0.14%) of the previous closure, as the price succeeded to pass 124.45 to register a new record at 125.70, comes after it rose during the previous trades after facing the support level 115.00 and trying to pass 116.50 level, after the bullish movement that passed the level of 115.00 and then the level 116.50 to approach 118.00 resistance before declining again testing 15.00 support to repeat the same movement.
MoreLinkedIn experience more demand - analysis 02-08-2016
Shares of LinkedIn ended Monday’s trading higher by (0.36 point) or (0.19%) of the previous closure, after passing the previous resistance zone between 192.00 and 183.00 for the long periods, where the price faced during the previous trades the SMAs resistance that pushed it to the intraday decline, then to rise again to pass 190.55 level and finally passing 192.00 resistance.
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