January 16, 2011

  • Dell has violated the resistance lines in daily chart But price is not able to gain upward momentum. Price is above 50 and 200 Day Moving Averages. 
  • Immediate support and resistance levels in daily chart are 13.92 and 14.46. If these levels get violated we may see some action.
  • Weekly chart has given a bearish shooting star candlestick formation. But price has to break the trend line in weekly chart for gaining downward momentum. Staying above the supporting trend line will favour bulls.
  • GOLD MINERS TECHNICAL ANALYSIS
  • INTEL CORP TECHNICAL ANALYSIS

  • Bears of GDX has to break the 200 DMA for continuing the current down move that's happening. And it looks like they have enough momentum for doing it. But bears has to take note of one or two things before shorting further.
  • RSI in daily chart is not making new lows while the price has been making new lows. Price in weekly chart is approaching an important trend line. So we may see a short term bounce here. 
  • INTEL CORP TECHNICAL ANALYSIS

Disclaimer

All the contents of niftychartsandpatterns are for educational purposes only and are not Investment Advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures. Niftychartsandpatterns shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial or investment adviser before acting on any of the Ideas in this blog.

Followers

Blog Archive

Powered by Blogger.

My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore