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General Motors tries to correct upward main trend - Analysis - 01-02-2018

Economies.com
2018-02-01 13:24PM UTC

General Motors' stock (GM) fell in the intraday levels, recording a new loss of 0.68% in the last session, or 0.29 points, and trespassing the 50-day SMA support, as the stock attempts to correct the main upward trend in the medium and short terms. 

 

Therefore we expect the stock to return higher, provided it settles back above 42.78, targeting the pivotal resistance of 46.76. 

General Motors buoyed by current support - Analysis - 01-02-2018

Economies.com
2018-02-01 13:24PM UTC

General Motors' stock (GE) rose in the intraday levels, scoring a profit of 1.38% in the last session, or 0.22 points, after the support of 15.92 held on, as the stock attempts to vent off oversold saturation in the RSI, amid the dominance of the main downward short-term trend, with negative pressure from the 50-day SMA. 

 

Therefore we expect the stock to return lower, especially if the support of 15.92 was breached, targeting the next one at 13.80. 

Cisco leans on current support - Analysis - 01-02-2018

Economies.com
2018-02-01 13:23PM UTC

Cisco Systems' stock (CSCO) fell in the intraday levels, registering a new loss of 1.68% in the last session, or 0.71 points, as the stock seeks a bottom to bounce it higher anew, leaning thereafter on the important support of 41.47, amid the dominance of the main upward short-term trend, with positive pressure from the 50-day SMA. 

 

Therefore we expect the stock to return higher, as long as it settles above 41.47, targeting the resistance of 43.20. 

Intel tries to garner momentum - Analysis - 01-02-2018

Economies.com
2018-02-01 13:21PM UTC

Intel's stock (INTC) fell in the intraday levels, registering a loss of 1.33% in the last session, or 0.65 points, as the stock gathers momentum to help it rise anew, amid positive support from the 50-day SMA, with the dominance of the upward trend in the medium and short terms. 

 

Therefore we expect the stock to return higher, as long as the support of 47.30 holds on, targeting the resistance of 50.33.