- AAPL Daily chart has broken the resistance line.
- Week chart is also looking bullish. Current week candle is about to engulf last 3 bearish candles, price has to close near the high of the week for this to happen.
- If weekly closing goes well for bulls we will see 360 levels for AAPL in the coming week.
- GOOG IN A TRIANGLE PATTERN
April 21, 2011
- Dow Jones Trades above the resistance line in daily chart. This can also be taken as the neck line of the inverted head and shoulders pattern.
- Price should sustain above 12450 level.
- If a strong trending move is about to unfold price may not touch the 20 day moving average for some days to come.
- TRIANGLE OF GOOGLE
- Month chart of GOOG shows price hitting the supporting trend line of a triangle pattern.
- Price may give a bounce from here.
- Weekly chart shows current week candle forming a Doji like candle on the Trend line.
- If the week closes like this we may see GOOG Rising from next week onwards.
- Further correction will be possible if this trend line gets broken. This also means breakdown from the triangle pattern which will be bad for GOOG.
- ES 30 MINUTES CHART
- Nifty Four hour chart.
- Price has violated the resistance line.
- Now candles has to close above the resistance line. This is four hour time frame, at least an hour has to stay above the resistance line for confirming the breakout. Daily candle closing near the high of the day will be a stronger confirmation.
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