December 4, 2012

SILVER Chart analysis

  • Silver testing 50 Day SMA.
  • 4 Hour chart has broken below the cloud. During the last test of 50 SMA Price was above the 4 Hour cloud. So chance of a bigger correction exist if price sustains below 50 Day SMA.



3 comments:

  1. Hi San,
    Nice to see your updates again.
    Any updates on BIDU and Fb? Bidu reached your target of 90 today. And Fb took support at 26.80 levels. Wavetimes's Ramki has a target of 28-30 on fb.

    Thanks,
    Sandeep

    ReplyDelete
  2. @Sandeep Koppula

    Thanks for the updates.
    My last analysis on FB too showed a target near 30 FACEBOOK GAP FADING:

    BIDU continues to look in the near term. Daily chart shows a rounding top which looks very bearish. But it can give dead cat bounce as the stock is very oversold before moving down again.

    ReplyDelete
  3. Correction: BIDU Continues to look weak in the near term

    ReplyDelete