IBM tries to vent off overbought saturation - Analysis - 18-07-2018

Pfizer's stock (PFE) rose anew in the intraday levels, with positive support from the 50-day SMA, coupled with the dominance of the main upward trend in the medium and short terms, scoring thereafter a 0.72% profit in the last session, or 0.27 points, countered with negative signals from the RSI, as the stock tries to vent off overbought saturation.

McDonald's stock (MCD) rose 0.61% in the last session, or 0.97 points after leaning on the main upward trend line, with positive signals from the Relative Strength Index, while trying to shake off negative pressure from the 50-day SMA.

Morgan Stanley's stock (MS) rose in the intraday levels, while settling below the resistance 49.91, representing the ratio 50% of Fibonacci retracement levels for an ascending wave in the short term (from 40.43 to 59.38), scoring thereafter a profit of 0.57% in the last session, or 0.28 points, with negative pressure from the 50-day SMA, while the RSI reached extremely overbought levels, hinting at negative divergence in the Stochastic indicator as shown below the attached chart.