Nike gathers positive momentum - Analysis - 18-07-2018

Walmart Stores' stock (WMT) rose in the intraday levels, after getting buoyed by a positive pattern that formed in the short term, the Falling Wedge pattern, with positive support from the 50-day SMA, scoring a profit of 0.63% in the last session, or 0.55 points, coupled with positive signals from the RSI.

ExxonMobil's stock (XOM) fell in the intraday levels, as the stock trades alongside the upward correctional short-term trend line as shown in the attached chart, with positive support from the 50-day SMA, recording a loss of 0.22% in the last session, or 0.18 points, while trying to gather momentum to help it rise anew and attack the pivotal resistance of 83.85, which represents the ratio 50% of Fibonacci retracement levels for a descending wave in the medium term (From 95.55 to 72.16).

Walt Disney's stock (DIS) rose modestly in the intraday levels, after hitting an intraday high at 112.62, bouncing off it lower and trimming the gains, in an attempt to vent off overbought saturation in the RSI, with the dominance of the upward short-term trend, coupled with positive support from the 50-day SMA, scoring a profit of 0.09% in the last session, or 0.10 points.