- Updating blog after a long Gap. Longest in the last 8 years. May not be able to update regularly for 2 more months to come.
- Gold bulls continues to struggle below the Daily cloud.
- Month chart shows the continuous falling from the triangle contraction. Possible support near the base of the triangle which is around 1130 levels. If that is not held then price may be heading down towards the swing low of year 2016 which is around 1050 levels.
August 23, 2018
June 17, 2018
- Apple daily chart shows previous support lines acting as support. Bigger weakness for the stock if price closes below these lines.
- Month candle is showing weakness so far. Staying below 190 levels should lead to a bearish candle. Price getting back above 190 plus levels will be negative for Bears.
- MACD Shows recent failed cross in month time frame. A bearish candle here in Month time frame may lead to bearishness in the Indicator as well.
May 28, 2018
- Vedanta Month chart with sell signals highlighted from year 2010.
- Past 2 sell signals along with MACD worked well.
- Current sell signals is accompanied by agitation against one of its plant in Tamilnadu.
- The buy signals in 2009 and 2016 have also worked very well with this set up. So its better to wait for such a signal to emerge to enter this stock. Till then its a sell.