Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

Nike tries to garner momentum - Analysis - 08-11-2017

Economies.com
2017-11-08 11:38AM UTC

Nike's stock (NKE) fell in the intraday levels, recording a loss of 1.59% in the last session, or 0.89 points, amid positive support from the 50-day SMA, while the stock gathers momentum to help it rise anew, countered by negative signals from the RSI. 

 

Therefore we expect the stock to return higher, as long as the support of 54.01 holds on, targeting the resistance of 57.42. 

Walmart returns higher - Analysis - 08-11-2017

Economies.com
2017-11-08 11:38AM UTC

Walmart's stock (WMT) returned higher in the intraday levels, scoring a profit of 0.28% in the last session, or 0.25 points, amid the dominance of the upward trend in the medium and short terms, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI. 

 

Therefore we expect more gains for the stock, especially if the resistance of 88.90 was breached, targeting the next one at 93.21. 

ExxonMobil strives to pierce pivotal resistance - Analysis - 08-11-2017

Economies.com
2017-11-08 11:37AM UTC

ExxonMobil's stock (XOM) fell in the intraday levels, recording a loss of 0.20% in the last session, or 0.17 points, as the stock tries to gather positive momentum to help it rise anew and pierce the pivotal resistance of 83.50, which represents the ratio 38.2% of Fibonacci retracement levels for a descending wave in the medium term (from 95.55 to 76.05), while the RSI reached extremely oversold levels compared to the stock's movement, as the stock gets buoyed by the positive Falling Wedge pattern in the short term. 

 

Therefore we expect the stock to return higher, as long as it settles above 83.50, targeting the next resistance at 85.80, which represents the ratio 50% of the same retracement levels. 

Walt Disney trims gains - Analysis - 08-11-2017

Economies.com
2017-11-08 11:36AM UTC

Walt Disney's stock (DIS) rose in the intraday levels, scoring a fresh profit of 0.96% in the last session, or 0.97 points, after hitting an intraday high at 102.90, bouncing off it lower and trimming the gains, amid positive support from the 50-day SMA, while the stock gets buoyed by a positive pattern that formed recently, the Falling Wedge pattern, with positive signals from the RSI. 

 

Therefore we expect more gains for the stock, targeting the resistance of 103.45.