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Nike shares is trading around the support – analysis 01-08-2016
Nike shares ended Friday trades slightly higher (0.05 point) or (0.09%) of the previous closure passing 56.90 level to face the support level 55.50 support, comes after it fell reaching the support 51.40 that coincided with the channel support, as the price moved within a bearish channel during the previous trades.
The price rose during the previous trades from 51.40 support that coincided with the channel’s support, pushing the price to rise passing the bearish channel with passing 54.70 lately and to reach 56.90 resistance, which considered as a positive sign for a positive rise that pushed the price to pass 55.50 resistance.
Trading back below 56.90 led the price to retest the support 55.50, as if the price traded below this support it will decline ahead the next support 54.70 then 53.85, but the stability above 55.50 level will lead the price to rise to retest the nearest resistances.
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SMAs prevents Netflix shares rise - analysis 01-08-2016
Netflix shares ended Friday trades lower by (0.40 point) or (-0.44%) of the previous after facing 88.00 support level which the price was able to adjust it to 84.85 below SMAs 50 and 100 and below the resistance 95.50 after rebounding from 88.00 support, comes after a bullish trails ahead the resistance 103.80 as the highest recorded level during the previous trades.
MoreMcDonalds resumes the decline ahead the support zone – analysis 01-08-2016
McDonald's shares ended Friday trades lower by (-1.77 point) or (-1.48%) of the previous closure trying to fall again below 120.35 level ahead the next support 116.00, comes after trading above 120.35 level resistance as the lowest level recorded the week before and reaching below 124.80, coinciding with engaging SMAs 50 and 100, where this rebound came after reaching the support zone between 116.00 and 112.90, after its sideway trades below 124.80 resistance level, after passing the level 124.80, as this level contributed the bullish direction for the previous medium and long trades, also coincides with breaching the channel’s support shown above during the current trades, comes after the price formed a support at 116.00 level, with the continuous support from the SMA 50 and 100.
MoreLinkedIn picking breaths after the previous rise - analysis 01-08-2016
Shares of LinkedIn ended Friday’s trading lower by (-0.54 point) or (-0.28%) of the previous closure, after passing the previous resistance zone between 192.00 and 183.00 for the long periods, where the price faced during the previous trades the SMAs resistance that pushed it to the intraday decline, then to rise again to pass 190.55 level and finally passing 192.00 resistance.
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