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The resistances push LinkedIn to try to pass the support - analysis 18-10-2016

Economies.com
2016-10-18 13:34PM UTC

Shares of LinkedIn ended Monday’s trading lower by (-0.29 point) or (-0.15%) of the previous closure, to trade again above 190.55 level again falling from 192.00 resistance,  comes after trading below 192.00 level ahead the support level of 190.55, to take the needed support and rise again facing 192.00 resistance, also 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.

 

 

And with observing the price it shows the formation of a new bottom around 189.20, which the price reflected during Friday trades from it to continue the rise reaching 192.00 resistance.

 

 

Generally; the price was able to trade back above 190.55 level, as holding above this level will lead the price to retest again 192.00 level, but trading below 190.55 will push down the price ahead 189.20 support.

The SMA is trying to provide support for Symantec shares – analysis 18-10-2016

Economies.com
2016-10-18 13:35PM UTC

Symantec Corp ended trades on Monday higher by (0.10 point) or (0.42 %) of the previous closure, trading around the level 24.50 support, after falling from 25.40 resistance that the price adjusted form 25.80 after the bullish movement during the previous medium and long trades.

 

 

The previous slight rise was supported by the SMA 100 in addition to the price response for the oversold sings shown by the stochastic indicator, which consider as a positive signal that may bring back the bullish movement for the price to try to pass the resistance level 25.40.

 

 

Generally; if the price remained holding below 24.50 level will increase the negative pressure on the price to push it ahead 22.85 support level, but holding above 24.50 level will push up the price again to try to pass 25.40 resistance.

Pfizer resumes the negative trades and passes the channel’s target - analysis 18-10-2016

Economies.com
2016-10-18 13:34PM UTC

PFIZER shares ended Monday trades lower by (-0.16 point) or (-0.5493 %) of the previous closure after the price was able to trade and hold below 32.70 level that represents the final target for the broken bullish channel shown above.

 

 

The price started current decline from 37.35 resistance level that coincided then with the top board of the mentioned channel, to resume the negative decline that reached the current levels, supported by the negative pressure provided by the SMAs 50 and 100 despite the oversold shown by the stochastic indicator.

 

 

Generally; the stability below 33.05 level increases the negative pressure on the price, which expected to reach 32.15 resistance level during the upcoming trades, but turning back the bullish moves requires the stability above 33.05 level in order to target the next resistance level at 33.95.

Nike shares increased its decline targeting the next support– analysis 18-10-2016

Economies.com
2016-10-18 13:34PM UTC

Nike shares ended Monday trades lower by (-0.59 point) or (-1.14 %) of the previous closure passing 51.40 level and heading towards 50.65 support after trading below the level 56.90 that coincided then with the support of SMA 100 and the bullish trend line to trade below 52.95 level currently, comes after rebounding from 54.70 support and after passing 56.90 level to face the level of 55.50.

 

 

The price rose during the previous trades from 51.40 level pushing the price to rise passing 54.70 to reach 56.90 resistance.

 

 

Generally; the price was able during the previous trades to trade below 51.40 level, as holding below this level will lead the price to retest 50.65 support initially, but trading back above 51.40 level will push up the price to re-test 52.95 resistance.