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MasterCard powers up - Analysis - 11-02-2019

Economies.com
2019-02-11 12:53PM UTC

MasterCard's stock muscled up 1.22% in the last session, or 2.61 points, with positive pressure from the 50-day SMA, amid the dominance of the main upward trend in the medium and short terms, while venting off overbought saturation in the RSI. 

 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 225.,35, as long as it settles above 209.91. 

 

Expected trend for today: Bullish 

Micron tries to vent off overbought saturation - Analysis - 11-02-2019

Economies.com
2019-02-11 12:53PM UTC

Micron Technology's stock fell 2.03% in the last session, or 0.80 points, while venting off overbought saturation in the RSI, gathering momentum to help it rise anew, while underpinned by exiting a descending price channel that guided recent short-term trading, with positive support from the 50-day SMA. 

 

Therefore we expect the stock to return higher, targeting the resistance of 40.68 anew, as long as the support of 36.73 holds on. 

 

Expected trend for today: Likely Bullish 

Steel in a hesitant place - Analysis - 11-02-2019

Economies.com
2019-02-11 12:52PM UTC

US Steel Corporation's stock tumbled 2.75% in the last session, or 0.62 points, after testing the resistance of the downward trend line in the short term, with negative signals from the RSI after reaching overbought levels, countered by positive support from the 50-day SMA. 

 

Therefore we expect more losses for the stock, especially if it settled below 21.75, targeting the support of 17.25. 

 

Expected trend for today: Bearish 

Amazon exposed to negative pressure - Analysis - 11-02-2019

Economies.com
2019-02-11 12:52PM UTC

Amazon's stock kept falling in the short term, while trading alongside the downward correctional trend line in the short term, recording another loss of 1.62% in the last session, or 26.15 points, while trespassing the support of the 50-day SMA, getting exposed to its negative pressure anew, amid negative signals from the RSI. 

 

Therefore we expect more losses for the stock, as long as it settles below 1595.15, targeting the support of 1476.36. 

 

Expected trend for today: Bearish