December 29, 2011

SBI Chart Analysis

  • SBI Trending down towards 78.6% Fib level as shown in weekly chart.
  • Price is moving between Lower BB and Middle Bollinger band.
  • See how MACD keep on diverging without any major bounce yet. Bounces due to divergence are getting smaller. Stock might give a good pull back but anticipating that trade will be costly. 
  • So for now its better to sell at Middle Bollinger band.
  • S&P 500 EOD ANALYSIS
  • GOLD NEAR LONG TERM TREND LINE

No comments:

Post a Comment