Shares of LinkedIn ended Thursday’s trading higher by (0.08 point) or (0.04%) of the previous closure, trying to hold above 192.00 level, as the Bollinger band indicator shows the recent narrow trades that indicates an upcoming explosion during the upcoming trades, comes after trading below 192.00 level ahead the support level of 190.55, to take the needed support and rise again facing 192.00 resistance, comes 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.
And with observing the price it shows the formation of a new bottom around 189.20, which the price reflected during Friday trades from it to continue the rise reaching 192.00 resistance.
Generally; the continuation of the bullish force requires the stability above 192.00 resistance to target then 194.35 next one, but trading back below 192.00 may push down the price ahead 190.55 support.
JPMorgan shares ended the trades on Thursday higher by (0.55 point) or (0.82%) of the previous closure above the resistance 65.58 after holding 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.
comes after a bullish movement that haunted the channel support that the price moved within its range previously to fall passing 58.60 level during the yesterday trades, comes after the shares was able to breach the bullish channel support and after the price returned to fall previously passing the level 61.65 that represents 61.8% correction level for the previous decline to face the support level 60.80 represented by 50% correction level, showing the formation of a bullish channel during the previous medium trades.
Generally; the continuation of the current rise requires the stability above 65.58 which will push the price ahead the next resistance 69.00, but the holding back below 65.58 may push down the price to retest 63.60 support.
JOHNSON & JOHNSON shares ended the trading on Thursday higher by (0.55 point) or (0.46%) of the previous closure, after the resistance level 119.00 pushed down the price to retest 117.50 support as the lowest recorded level during the previous week, to rebound again around 119.00 resistance repeating the same previous decline, comes after the decline below 120.50 and then 119.00, as the price succeeded previously 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 117.50 level 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; holding above 119.00 level will push the price again ahead the next one at 120.50, but trading back below 119.00 will lead the price to fall again ahead 117.50 support.
Intel shares closed Thursday’s trading higher by (0.10 point) or (0.27%) of the previous closure, as it was able to pass 37.00 level to hit 37.70 resistance during the current trades supported by SMAs 50 and 100, after falling earlier to the support level 35.30 that coincided with SMA 100, which pushed the price to recover ahead 36.30 resistance then to fall again facing the mentioned support, comes after retesting 33.90 support level that coincided with SMA 100, comes after passing the resistance zone between 35.00 and 35.60 levels to fall again retesting 33.90 support that coincided with SMA50 at the time, 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.
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.
Generally; the price managed to rise hitting 37.70 resistance level, as if the price laws able to pass this resistance it will target the next one 38.60 and may extend, but the stability below 37.70 may push down the price to retest the support level 37.00 and may extend.