November 4, 2012

IWM Weekend update


  • IWM Daily chart shows price continuing the correction inside a falling channel.
  • Daily chart shows price getting resisted at 50 Day SMA and Falling towards 200 Day SMA which has given support in the recent past.
  • Now daily chart has given a bearish engulfing pattern. For this to work well price has to break below the up trend line which started at 60 and run through 72.94 levels for a bigger down move to happen.
  • APPLE WEEKEND UPDATE
-->


No comments:

Post a Comment