February 12, 2012

  • Weekly resistance between 114 - 117.
  • MACD and RSI of daily charts showing weakness.
  • Closing below Crucial moving averages like 20 Day SMA may trigger a sell in daily time frame.
  • Dell weekly chart has a bearish candle at resistance line. MACD Histograms in daily is setting up good negative divergence. MACD lines is yet to trigger a sell. Price closing below crucial moving averages may result in a correction.


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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