Intel's stock (INTC) fell 0.69% in the last session, trespassing the support of the 50-day SMA, amid the dominance of the downward correctional trend as shown in the attached chart, settling thereafter at 53.44, with negative signals from the RSI.
Therefore we expect more losses for the stock, targeting the pivotal support of 52.65.
Expected trend for today: Bearish
Facebook's stock (FB) fell 1.39% in the last session, settling at 325.45, amid the dominance of the downward correctional short-term wave, with negative pressure from the 50-day SMA, combined with negative signals from the RSI.
Therefore we expect more losses for the stock, targeting the first support at 315.55, targeting the first support at 315.55.
Expected trend for today: Bearish
Google's stock (GOOG) fell 0.86% in the last session after touching the resistance of the 50-day SMA, amid the dominance of the downward correctional short-term wave, while hurt by piercing the main upward trend line recently, with negative signals from the RSI after reaching overbought levels, hinting at negative divergence.
Therefore we expect more losses for the stock, targeting the important support of 2,654.50 anew, provided the resistance of 2,796.30 holds on.
Expected trend for today: Bearish
The major currencies pairs and commodities didn’t show any strong move since morning, to keep the morning suggested scenario valid without any change, and we recommend checking them to review the expected trends and targets for the upcoming period, through the following links:
Technical analysis for currencies