PayPal witnesses surge in trading volumes - 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).

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.

The tight range dominates Bitcoin price trades, which remains stable below 6500.00 level, thus, no change to the bearish trend scenario that depends on the price stability below the mentioned level, while the expected targets begin at 6040.00 followed by 5880.00.