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Pfizer shares conclude around the highs of the week - analysis 01-08-2016
PFIZER shares ended Friday trades higher by (0.22 point) or (0.6%) of the previous closure pass 36.45 resistance as the highest recorded price during the weeks before and also to pass the channel’s resistance shown above trying to reach the next resistance 37.35, comes after the price traded below the channel’s bottom line reaching the support level 33.95 that coincided then with the SMA 100 to push the price up again trading within the bullish channel range above 43.65 level, comes after it rose during the previous short trades reaching 34.65 resistance level after facing the channel’s support with the SMA 50.
The price rose previously to remain adjacent to the channel’s resistance, then to fall previously retesting the support level 34.65, then the share increased its decline to retest the channel’s support with retesting the SMA 100.
The stability of the support level 33.95 was supported by the SMA 100, which pushed the price to rebound passing the level of 34.65, to trade back within the channel’s range.
The price succeeded to trade above 36.45 level which may push it to target 37.35 resistance, but this outlook miss full strength due to breaking the pace of the rise, which appear in the exceeding the channel’s resistance, so its recommended to stay natural waiting for new signals.
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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.
MoreSMAs 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.
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