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Intel shares trying to rise again - analysis 01-08-2016
Intel shares closed Friday’s trading higher by (0.09 point) or (0.26 %) 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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The resistance pushes IBM shares to decline - analysis 01-08-2016
IBM shares ended Friday’s trading lower by (-0.75 point) or (0.46%) 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.
MoreSMAs’ push up General Motors shares - analysis 01-08-2016
GENERALMTRS shares ended Friday’s trading strongly higher by (1.55 point) or (1.77%) of the previous closure, where the price previously opened the trades around 30.20 support level that coincided with the support of SMAs 50 and 100, comes after the price was able to avoid 32.35 resistance up from 30.20 level as a confirmation for breaking the bearish pace after passing 29.10 level with the bearish channel top board with SMA 100, after the previous decline that pushed the price to try passing the channel’s support shown above, comes after it rose approaching the resistance barrier of 30.20 that coincided with the SMAs 50 and 100 , comes after it rose during the previous short trades to pass 29.10 resistance, which showed the price movement within a bearish channel the price is approaching its top board now, comes after the price retested the resistance level 33.00 and to fall retesting 30.20 support level which coincided with retesting the channel’s support shown above, to succeed passing this board using the pressure of the SMA 50 and 100 then.
MoreGoogle shares flying to the next resistance - analysis 01-08-2016
Google shares ended Friday’s trading strongly higher by about (22.88 point) or (3.07%) from the previous closure to pass 739.00 level reaching 775.50 resistance, comes after passing the level 685.80, which the price reached after it succeeded to achieve the target of the harmonic pattern shown above, which pushed it to trade higher during the previous trades passing 719.00 and 724.00 levels, where the mentioned price represents the (B) point for the pattern, as the price was able to pass it, to reach the next resistance at 739.00 as the (D) point for the pattern.
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