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Intel shares facing the resistance area again - analysis 02-08-2016
Intel shares closed Monday’s trading slightly lower by (-0.01 point) or (-0.03 %) of the previous closure after passing the resistance zone between 35.00 and 35.60 levels to fall again retesting 33.90 support that coincided with SMA50, rebounding from the support level 30.55 and passing 32.75 level, comes after it rose during the previous trades after facing the levels represented by 31.60 level with the SMAs 50 and 100 to pass 32.75 level during the current trades, comes after holding below 31.60 level to fall facing 29.50 support, to rebound again facing 32.75 resistance.
Generally; rebounding from the support zone pushed the price to rise reaching 33.90 resistance, as the price failed to hold above this level during the previous trades to fall again passing 31.60 support and reaching 30.55 before it rebounds to trade once again above 31.60 level and to face 32.75 resistance.
The price decline to retest 33.90 support in order to gain momentum with the support of SMA 50, as the stability of 33.90 support will push the price to rise again ahead 35.60 resistance and may extend, but trading below 33.90 level will open the way for a further decline.
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SMA providing support for JPMorgan shares - analysis 02-08-2016
JPMorgan shares ended the trades on Friday lower by (-0.17 point) or (-0.27%) of the previous closure to hold above 63.60 resistance and the support of SMA 50, comes after the prices was able to achieve the broken channel target at 57.04 level and then to rebound above 58.60 level again to pass 61.56 resistance.
MoreMcDonalds approaching the support zone – analysis 02-08-2016
McDonald's shares ended Monday trades higher by (0.36 point) or (0.31%) of the previous closure trying to fall again below 120.35 level ahead the next support 116.00, comes after trading above 120.35 level resistance as the lowest level recorded the week before and reaching below 124.80, coinciding with engaging SMAs 50 and 100, where this rebound came after reaching the support zone between 116.00 and 112.90, after its sideway trades below 124.80 resistance level, after passing the level 124.80, as this level contributed the bullish direction for the previous medium and long trades, also coincides with breaching the channel’s support shown above during the current trades, comes after the price formed a support at 116.00 level, with the continuous support from the SMA 50 and 100.
MoreNetflix shares resist SMAs and rise - analysis 02-08-2016
Netflix shares ended Monday trades higher by (3.12 point) or (3.42%) of the previous after facing 88.00 support level which the price was able to adjust it to 84.85 below SMAs 50 and 100 and below the resistance 95.50 after rebounding from 88.00 support, comes after a bullish trails ahead the resistance 103.80 as the highest recorded level during the previous trades.
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