Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

The SMAs still on LinkedIn way - analysis 06-10-2016

Economies.com
2016-10-06 13:56PM UTC

Shares of LinkedIn ended Wednesday’s trading slightly lower by (-0.02 point) or (-0.01%) of the previous closure, to trade again above 192.00 level rising from 190.55 support, as the Bollinger band indicator shows the recent narrow trades that indicates an upcoming explosion during the upcoming trades,  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, comes 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 192.00 level, as holding above this level will lead the price to retest again 193.38 level as the highest level recorded during the medium trades, but trading back below 192.00 will push down the price to retest again 190.55 support.

Symantec achieves further rise ahead the resistance – analysis 06-10-2016

Economies.com
2016-10-06 13:59PM UTC

Symantec Corp ended trades on Wednesday higher by (0.14 point) or (0.55 %) of the previous closure, trading around the level 24.50 support, comes after the price fell from this resistance facing 21.50 support level that the price was able to breach during last Friday trades.

 

 

The previous rise showed the breaching of a bearish channel the price moved within its range during the previous medium and long trades, as the price confirmed that breach by holding above 19.10 level, to hit 22.85 as the target of that broken channel.

 

 

Generally; the stability above 24.50 resistance pushed the price ahead 25.80 resistance level, as if the price was able to pass this resistance the price will target a higher resistance levels   such as 36.70, but the holding below 25.80 level may push the price to retest 24.50 again and may pass it ahead 22.85 support.

Pfizer retest back the resistances - analysis 06-10-2016

Economies.com
2016-10-06 13:59PM UTC

PFIZER shares ended Wednesday trades higher by (0.18 point) or (0.53 %) of the previous closure, after falling from 34.65 level to also pass 33.95 level then to rebound again to use the pressure of the SMA 50 with the resistance level 34.65, comes after falling from 35.50 resistance that coincided with the channel’s support coinciding with the SMA 100 in addition to the support level 34.65 falling from the resistance level 37.35 which pushed down the price to reach the current support level 35.50 coinciding with SMA 100, 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 .

 

 

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.

 

 

Generally; the recent signals conceder negative for the price, so holding below 34.65 will push down the price to try to pass 33.95 support to target the next one at  33.05 level and may extend in order to achieve the channel’s target shown above.

Nike shares resuming the bearish trades– analysis 06-10-2016

Economies.com
2016-10-06 13:58PM UTC

 

Nike shares ended Wednesday trades lower by (-0.02 point) or (-0.04 %) of the previous closure after trading below the level 56.90 that coincided 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 after 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.

 

The price rose during the previous trades from 51.40 support that coincided with the channel’s support, pushing the price to rise passing the bearish channel with passing 54.70 lately and to reach 56.90 resistance, which considered as a positive sign for a positive rise that pushed the price to pass 55.50 resistance.

 

 

Generally; the price was able during the previous trades to trade around 52.95 level, as holding below this level will lead the price for a further decline ahead 51.40 level initially, but holding above 52.95 level will lead the price to retest 54.30 resistance.