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Symantec leans on SMA support - Analysis - 01-08-2019

Economies.com
2019-08-01 14:14PM UTC

Symantec's stock leaned on the 50-day SMA support as the RSI reached oversold levels, while gathering momentum to help it rise anew, while seeking a bottom to bolster the stock. 

 

Therefore we expect more gains as long as the support of 20.64 holds on, targeting the resistance of 23.50. 

 

Expected trend for today: Bullish 

General Motors surges - Analysis - 01-08-2019

Economies.com
2019-08-01 14:15PM UTC

General Motors' stock rallied after piercing the resistance of 40.40, amid the dominance of the upward short-term trend, with positive support from the 50-day SMA. 

 

Therefore we expect more gains as long as the stock settles above 40.40, targeting the resistance of 42.70. 

 

Expected trend for today: Bullish 

Cisco buoyed by upside trend line - Analysis - 01-08-2019

Economies.com
2019-08-01 14:15PM UTC

Cisco Systems' stock rose in the intraday levels after leaning on the main upward trend line in the medium term, while also leaning on the 50-day SMA support, as the RSI reached oversold levels with a surge in trading volumes. 

 

Therefore we expect more gains for the stock, as long as the support of 56.04 holds on, targeting the first resistance at 57.55. 

 

Expected trend for today: Bullish 

Midday update for the NZDUSD 01-08-2019

Economies.com
2019-08-01 10:04AM UTC

The NZDUSD pair shows bullish bias on its way for potential test to 0.6585, and as long as the price is below this level, our bearish overview will remain valid for today, supported by the negative pressure formed by the EMA50, reminding you that our next target extends to reach 0.6480.

 

The expected trading range for today is betwenen 0.6480 support and 0.6600

 

The expected trend for today: Bearish