- Weekly chart shows bullish engulfing pattern near crucial support levels.
- Daily MACD getting ready for a good buy signal which should do well on crossing 50 Day SMA.
- This is a small bullish setup on Bidu But one should also notice a classic topping pattern happening in weekly chart. It looks like a rounding top for me. So one should see how much the current wave up moves. If it does not retrace more than 61.8% for the last fall then things might favor bears for a larger fall.
- BANK OF AMERICA WEEKEND UPDATE
September 16, 2012
All the contents of niftychartsandpatterns are for educational purposes only and are not Investment Advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures. Niftychartsandpatterns shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial or investment adviser before acting on any of the Ideas in this blog.