SMAs prevents Netflix shares rise - 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.

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.

JPMorgan shares ended the trades on Friday lower by (-0.13 point) or (-0.2%) of the previous closure to hold above 63.60 resistance and the support of SMA 50, comes after the prices was able to achieve the broken channel target at 57.04 level and then to rebound above 58.60 level again to pass 61.56 resistance.