STOCKS Archives - Page 13 of 13

January 23, 2019February 24, 2020

Hope For Apple Bulls

$AAPL lost all its gains in 2018 starting in November. This might be due to the on-going trade wars. Since this fall in price, $AAPL shares reached 145.82. Before the huge fall in $AAPL share price, it had been overbought a few times. Using the weekly chart, price of $AAPL has been in the upper region of the Bollinger bands since August 2016 before it changed to the lower section of the bands in November 2018. $AAPL reached an all time high of 228.39 in September 2018.

The fall in $AAPL share price made the RSI show an oversold position. The trendlines are already broken showing a bullish reversal. Though price sits comfortably in the lower region of the Bollinger bands, it is yet to fully reverse. From now, the activities of buyers might make the $AAPL shares to rise to 188.07 from its current 155.17. Ichimoku’s future still shows price is on the downtrend. However, the support level 145.82 is yet to be broken downward despite price retesting the level in the past four weeks. This could be an indication that $AAPL bulls are about to launch their efforts.

January 17, 2019February 24, 2020

Wells Fargo Could Be On The Rise

The share price of $WFC went down in 2018 for about 2100 points. It was not really a good year for investors of $WFC. A support level at 43.46 was last reached in October 2016. In the last month of 2018, it was all bearish for the $WFC shares though the bears have been in charge since September. An oversold position has been reached which might give room for investors to take charge. 2019 began with an obvious movement of the $WFC shares in favour of the bulls. Though, there are a few signs that the bulls have been active in the market in the last days of 2018.

The oversold levels were reached in December 2018 using the RSI. The quest for the $WFC shares to go bullish might have begun already because about 400points have been gained on the $WFC shares so far this year. Price is currently at 48.70. Stocks are beginning to gather momentum generally for bullish movements. There are very high tendencies that the price of $WFC will touch the resistance level 1 at 50.13 and eventually breaks the resistance.

November 27, 2018February 24, 2020

For Procter & Gamble, The Bulls Might Give Up Soon

After a experiencing a huge fall early in the year, the price of $PG gained momentum for a rise in June. Since June, it has all been bullish for the $PG shares, moving over 2000points in 2018. Just two weeks ago, the price of $PG reached 94.88, the highest point in the year. Though a bearish movement occurred in the second week of October for a short while, the bulls took over again. Price is yet to be oversold due to the active roles of the bulls.

Unlike many other stocks, $PG finished October with the bulls in charge. Price is currently at 91.94. After the new high of 2018 was reached, a reversal has begun indicating a bearish move in $PG. Price is yet to cross the lower region of the Bollinger band. The Ichimoku too shows a bullish future. However, a breakout to the downside has occurred from the trendlines showing the beginning of a correction. RSI indicates an overbought position which has previously occurred at three different instances. Though $PG outperformed this year, price action now signals a consolidation period that could lead to losses.

Source: Why Procter And Gamble Is Now All The Rage On Wall Street (NASDAQ)

November 15, 2018February 24, 2020

Are The Wal-Mart Bears Trying To Overpower The Bulls?

In the year 2018, $WMT share price has been stable for the most part with a few volatile moments occurring in price movement. The all-time high of $WMT was in January when price was at level 109.79. Price had dropped since then to around 81.82 which stands as a major support level for the year. Unlike other stocks in October, $WMT broke out of a ranging market to begin an uptrend. Before the upward breakout in October, there was a bullish signal in August.

The RSI on the daily chart showed an initially overbought position and now in November, showing another overbought position. Since price crossed over to the upper region of the Bollinger band in June, it is yet to cross to the lower region. In the early days of October, price touched in the middle line of the Bollinger bands. If the support level is broken, it might trigger a major sell off for $WMT stock. The bearish movement might reach 88.94 from 101.33. Indications show a strong bearish movement might occur. For now, we will wait to see what price will do.

November 13, 2018February 24, 2020

Google Retesting Support

$GOOG has found support at 1001.23 on the 29th of October. The bears have been in charge of this stock since the first week of September. Price action this year shows support level at 1001 was not broken. Share price of $GOOG fell about 3.5% this week. Since a major downtrend began in October, share price of $GOOG has dropped 14.2%. Price has maintained the lower region of the Bollinger bands since September. It’s like all the gains of $GOOG in 2018 were lost between September and October.

RSI on the daily chart signals an oversold region. Taking a look at the trendlines And B, price closedabove the trendline B on the 7th of November. Presently, price is retesting at a major support indicating a reversal. Price might touch the resistance level at 1123.23 this month. Ichimoku shows a downtrend and no trace yet. If price retraces but holds the expected resistance level at line C, $GOOG may continue the downward trend.