- Daily MACD is looking good for bulls. Price closing the day above 50 day SMA will strengthen bulls further.
- Weekly line chart shows price moving up towards 31 levels.
- For bigger up moves price must sustain above 20 Week SMA
June 17, 2012
Microsoft weekend update
BANK Nifty Weekend update
- Price yet to make a clean breakout from the channel.
- Price is testing 20 Week SMA. Bulls need a close above this line for confirming a breakout.
- Daily chart shows overbought stochastic But bears need price to fall below 50 day SMA for a meaningful correction. Bulls are safe above 50 day SMA.
Subscribe to:
Posts (Atom)