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Micron climbs alongside downward trend line - Analysis - 16-11-2018

Economies.com
2018-11-16 13:00PM UTC

Micron Technology's stock rallied 4.94% in the last session, or 1.88 points, amid negative pressure from the 50-day SMA, with negative signals from the RSI, while the stock traded alongside the main downward trend line in the medium term as shown in the attached chart. 

 

Therefore we expect the stock to return lower, targeting the support of 34.18, as long as the resistance of 40.68 holds on. 

 

Expected trend for today: Likely Bearish 

MasterCard scores gains - Analysis - 16-11-2018

Economies.com
2018-11-16 13:00PM UTC

MasterCard's stock rose in the intraday levels amid the dominance of the downward correctional wave in the short term, with negative signals from the RSI, coupled with negative pressure from the 50-day SMA, thus scoring a final profit of 1.58%, or 3.13 points. 

 

Therefore we expect the stock to return lower, targeting the support of 193.21, as long as the resistance of 207.38 holds on. 

 

Expected trend for today: Likely Bearish 

Amazon buoyed by current support - Analysis - 16-11-2018

Economies.com
2018-11-16 12:59PM UTC

Amazon's stock rose 1.28% in the last session, or 20.43 points, after leaning on the support of 1565.64, which represents the ratio 61.8% of Fibonacci retracement levels for an ascending wave in the short term (from 1265.93 to 2050.50), lending it positive momentum that helped it turn losses into profits before the close, with continued negative pressure from the 50-day SMA, coupled with negative signals from the RSI. 

 

Therefore we expect the stock to return lower, especially if the support of 1565.64 was breached, targeting the next one at 1451.09, which represents the ratio 76.4% of the same retracement levels. 

 

Expected trend for today: Likely Bearish 

Steel ends cautiously higher - Analysis - 16-11-2018

Economies.com
2018-11-16 12:59PM UTC

US Steel Corporation's stock rose 1.51% in the last session, or 0.41 points, while weighed down by negative pressure from the 50-day SMA, with negative signals from the RSI, coupled with the dominance of the downward correctional trend in the short term along the trend line. 

 

Therefore we expect the stock to return lower, as long as the resistance of 29.84 holds on, targeting the support of 25.03. 

 

Expected trend for today: Likely Bearish