US Stocks analysis : RIG FCX DIS

Does FEYE has the fire to rise?
September 22, 2016
Gold daily analysis
September 23, 2016

The Walt Disney  Company (DIS US) is in a strong long-term downtrend since May 2016. Price and the stochastic oscillator suggest we might be at the early stages of a bounce towards the long-term red downward sloping trend line or even towards the Ichimoku cloud. So as long as price is above 91.50$ bulls are safe.

dis

Transocean ltd (RIG US) is mainly moving sideways from March 2016. Price is trapped inside a trading range. Price is inside a bearish short-term channel. A break above 9.90$ will open the way for 10.80-11$.  Important resistance levels are at 13.20-13.60 and support at 8-8.40$.

rig

Freeport McMoran Inc (FCX US) is also trading inside a long-term trading range. Price has broken  the short-term downward sloping channel. Both oscillators imply more upside to come.  Maybe towards the Ichimoku cloud resistance at 11.70. Traders should be very cautious as we reach resistance levels.

Alexandros Yfantis
Alexandros Yfantis
Fascinated by financial markets, studied International Securities Investment and Banking in the UK, works as a Portfolio Manager in Greece and runs a technical analysis website. Enjoys travelling and spending time with his family and preparing for the black belt in Korean Karate.