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Johnson & Johnson faces the resistance again - analysis 02-08-2016
JOHNSON & JOHNSON shares ended the trading on Monday higher by (0.17 point) or (0.14%) of the previous closure, as the price succeeded to pass 124.45 to register a new record at 125.70, comes after it rose during the previous trades after facing the support level 115.00 and trying to pass 116.50 level, after the bullish movement that passed the level of 115.00 and then the level 116.50 to approach 118.00 resistance before declining again testing 15.00 support to repeat the same movement.
comes after the price increased its bullish movement to pass the level of 112.40 that represents 1.61% continuous level for the decline from 105.05 to 94.55, as the price was able to form a rising bottoms round 111.70 support, comes after holding above 109.50 level again representing the highest record in November 2014.
Generally; the continuation of the current rise requires the stability above 125.70 resistance to target then 126.50 resistance and may pass it, but holding below 125.70 level will push the price to retest the nearest supports such as 124.45.
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LinkedIn experience more demand - analysis 02-08-2016
Shares of LinkedIn ended Monday’s trading higher by (0.36 point) or (0.19%) of the previous closure, after passing the previous resistance zone between 192.00 and 183.00 for the long periods, where the price faced during the previous trades the SMAs resistance that pushed it to the intraday decline, then to rise again to pass 190.55 level and finally passing 192.00 resistance.
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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.
MoreSMA 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.
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