July 23, 2012
- APPLE Near 100 Day SMA.
- Four hour chart near channel support line.
- For a bigger fall apple must close the day below 100 Day SMA.
- Breaking the channel support line and closing the day below 100 SMA may target 560 zone in the short term.
- Holding above 100 Day SMA may save bulls from the above mentioned correction.
- BIDU WEEKEND UPDATE
- Weekly middle bollinger band or 20 Week SMA at 5165 is crucial support level.
- Week falling below 5165 would strengthen the weekly stochastic sell signal. Bears also need a weekly close below this level.
- Crucial support in daily chart are 50 SMA(5086) and 200 SMA(5095)..
- BANK NIFTY CHART UPDATE
- ES One hour chart shows a broken channel
- Four hour charts shows possible support levels in fibonacci and 50 period SMA. During the last two swings in four hour these support levels did not hold. One can expect a similar price action towards the channel support line shown in daily chart before an up move can happen.
- GOOGLE WEEKEND UPDATE
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