January 30, 2011

  • First chart shows negative price action below the trend line in daily chart of  Google.
  • Second chart shows price resting exactly at 50 day moving average.
  • 3 chart shows 20 ema and 5 ema giving a bearish cross in daily chart.
  • Last chart is the weekly chart of google. Week has given its second bearish candle.
  • Staying below 50 DMA will favour bears. 
  • MICROSOFT 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