Microsoft's stock fell on profit-taking amid the continued dominance of the main upward trend in the medium and short terms, while gathering momentum to help it rise, while also venting off overbought saturation in the RSI, with positive support from the 50-day SMA.
Therefore we expect the stock to rise as long as it settles above 116.18, targeting the resistance of 122.21.
Expected trend for today: Bullish
PayPal Holdings' stock kept rising in the short term, amid the complete dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA, with positive signals from the RSI.
Therefore we expect more gains for the stock, as long as it settles above the support of 99.05, targeting the resistance of 104.39.
Expected trend for today: Bullish
Facebook's stock was dominated by the upward short-term wave even after declining in search for a bottom to bolster it higher, leaning on the support of the 50-day SMA, coinciding with the RSI reaching oversold levels.
Therefore we expect the stock to rise as long as the support of 159.59 holds on, targeting the resistance of 171.98.
Expected trend for today: Bullish
City Group's stock traded above the support of 64.59, representing the ratio 50% of Fibonacci retracement levels for a descending wave in the short term (from 80.70 to 48.49), with positive support from the 50-day SMA, coupled with positive signals from the RSI.
Therefore we expect more gains for the stock as long as it settles above 64.59, targeting the next resistance at 68.39, which represents the ratio 61.8% of the same retracement levels.
Expected trend for today: Bearish