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IBM skyrockets - Analysis - 19-10-2017
IBM's stock spiked in the intraday levels, scoring a hefty profit of 8.86% in the last session, or 12.99 points, and smashing through the resistance of 155.81, which represents the ratio 38.2% of Fibonacci retracement levels for a descending wave in the short term (from 182.79 to 139.13), with positive support from the 50-day SMA, while a positive divergence starts forming in the Stochastic indicator as shown below the attached chart.
Therefore we expect more gains for the stock, as long as the support of 155.81 holds on, targeting the resistance of 166.11, which represents the ratio 61.8% of the same retracement levels.
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Morgan Stanley racks up profits - Analysis - 19-10-2017
Morgan Stanley's stock (MS) rose in the intraday levels, scoring a fresh profit of 2.10% in the last session, or 1.03 points, amid the dominance of the main upward trend in the medium and short terms, with positive signals from the RSI, coupled with positive pressure from the 50-day SMA.
MoreFord gathers positive momentum - Analysis - 19-10-2017
Ford Motor Company's stock (F) fell in the intraday levels, registering a loss of 0.65% in the last session, or 0.08 points, as the stock tries to garner momentum to help it rise anew, while exiting a descending price channel that limited recent medium-term trading, with positive support from the 50-day SMA, as the Relative Strength Index reached extremely oversold levels compared to the stock's movement, hinting at a positive divergence in the Stochastic indicator as shown below the attached chart.
MoreTesla shakes off negative pressure - Analysis - 19-10-2017
Tesla's stock (TSLA) rose in the intraday levels, scoring a profit of 1.10% in the last session, or 3.90 points, and trespassing the resistance of the 50-day SMA, shaking off its negative pressure, with the dominance of the main upward trend in the short term.
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