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Microsoft tries to regain footing - Analysis - 22-10-2018
Microsoft's stock returned higher amid the complete dominance of the main upward trend in the medium and short terms along the trend line as shown in the attached chart, with positive signals from the RSI, scoring a nominal profit of 0.15% in the last session, or 0.16 points, while striving to shake off negative pressure from the 50-day SMA.
Therefore we expect more gains for the stock, targeting the pivotal resistance of 116.18, as long as the support of 105.85 holds on.
Expected trend for today: Bullish
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PayPal witnesses surge in trading volumes - Analysis - 22-10-2018
PayPal Holdings' stock spiked 9.42% in the last session, or 7.30 points, touching the resistance of the 50-day SMA, while hurt by a negative pattern that formed in the short term, the Rising Wedge pattern.
MoreFacebook readies to pierce current support - Analysis - 22-10-2018
Facebook's stock fell in the intraday levels, amid negative pressure from the 50-day SMA, recording a loss of 0.56% in the last session, or 0.87 points, while leaning on the support of 153.60, representing the ratio 61.8% of Fibonacci retracement levels for an ascending wave in the medium term (from 113.55 to 218.62).
MoreCity Group strives to vent off oversold saturation - Analysis - 22-10-2018
City Group's stock rose 0.35% in the last session, or 0.24 points, as the stock vents off oversold saturation in the RSI, amid negative pressure from the 50-day SMA, while hurt by exiting an ascending price channel recently in the short term.
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