November 2, 2012
- Apple 30 Minutes shows price continue to break support levels.
- Daily chart is threatening to break 200 Day SMA, Bears need this level to be broken on closing baiss for pushing the stock possibly towards 570 and 550 levels.
- Weekly cloud shows the long term trend of the stock is very well intact. Price last said good bye to to the weekly cloud when it was trading around 144 levels. We may see a retest of the weekly cloud only if the 200 SMA is broken on closing basis.
- NFLX CHART ANALYSIS
- SPX Daily chart has moved above crucial support resistance zone But will find it tough to cross 1434 - 1436 zone.
- 50 and 20 Day SMA are getting ready for a bearish cross at 1434 - 1436 zone. So if bulls are strong we should see a close above this level.
- 30 Minutes chart sustaining above the cloud should help bulls to extend the up move.
- GOOGLE CHART ANALYSIS
- QQQ 4 Hour chart shows bulls trying to protect 64.60 - 65.30 zone. This zone acted as resistance and it is acting as support now. Bears must break below this level for a bigger breakdown.
- One hour chart shows resistance at 100 Hour SMA. Price must sustain above this level for a bigger up move to happen.
- FORD MOTOR IHNS PATTERN
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