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Steel corrects main upward trend - Analysis - 28-03-2018
US Steel Corporation's stock (X) fell in the intraday levels, recording a loss of 4.89% in the last session, or 1.73 points, amid the dominance of the descending correctional short-term wave, with negative pressure from the 50-day SMA, countered with the dominance of the main upward medium-term trend, with positive signals from the Relative Strength Index after reaching extremely oversold levels.
Therefore we expect more losses for the stock, as long as it settles below 35.75, targeting the support of 31.17.
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SiriusXM seeks a bottom to boost it - Analysis - 28-03-2018
Sirius XM holdings' stock (SIRI) fell in the intraday levels, registering a loss of 1.90% in the last session, or 0.12 points, as the stock seeks a bottom to bounce it higher anew, amid the dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA, while a positive divergence formed in the Stochastic indicator as shown below the attached chart.
MoreJohnson & Johnson surrounded with negative signals - Analysis - 28-03-2018
Johnson & Johnson's stock (JNJ) fell in the intraday levels, recording a loss of 0.14% in the last session, or 0.18 points, amid negative pressure from the 50-day SMA, while settling below the resistance of 128.82, representing the ratio 50% of Fibonacci retracement levels for an ascending wave in the medium term (from 94.28 to 148.32).
MoreNike shakes off negative pressures - Analysis - 28-03-2018
Nike's stock (NKE) rose in the intraday levels, scoring a profit of 0.41% in the last session, or 0.27 points, and trespassing the resistance of the 50-day SMA, shaking off its negative pressure, while trading alongside the upward short-term trend line.
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