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Morgan ends cautiously higher - 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.
Therefore we expect the stock to return lower, as long as the resistance of 49.91 holds on, targeting the support of 47.67, which represents the ratio 50% of the same retracement levels mentioned earlier.
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eBay climbs within descending correctional price channel - Analysis - 18-07-2018
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.
MoreMidday update for Litecoin 18-07-2018
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.
MoreMidday update for Ripple 18-07-2018
Ripple price fluctuates around 0.52 level without managing to breach it until now, while stochastic enters the oversold areas now to form positive motive that we are waiting to assist to push the price to rise.
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