McDonald's starts recovering - Analysis - 18-07-2018

Morgan Stanley's stock (MS) rose in the intraday levels, while settling below the resistance 49.91, representing the ratio 50% of Fibonacci retracement levels for an ascending wave in the short term (from 40.43 to 59.38), scoring thereafter a profit of 0.57% in the last session, or 0.28 points, with negative pressure from the 50-day SMA, while the RSI reached extremely overbought levels, hinting at negative divergence in the Stochastic indicator as shown below the attached chart.

eBay's stock (F) rose in the intraday levels, after hitting an intraday low at 37.32, bouncing off it higher and turning the losses into gains before the close, while touching the resistance of the 50-day SMA anew, scoring a profit of 0.21% in the last session, or 0.08 points, while trading within a descending correctional price channel that guided recent short-term trading, as the RSI reached extremely overbought levels compared to the stock's movements.

Litecoin price hovers around 90.00 level and still above it until now, to keep the bullish trend scenario active for the rest of the day, supported by the EMA50, waiting to target 102.00 level as a next main station, reminding you that holding above 90.00 and 80.40 levels is important to continue the suggested bullish trend.