- SPY One hour chart shows support at 141.88 and 200 Hour SMA
- Daily chart shows price near 50 Day SMA.
- Bulls may get an up move if 50 SMA holds.
- RIMM CHART ANALYSIS
December 21, 2012
- Only hope for bulls is the Golden Ratio. Price if takes support above this zone may give an up move.
- Weekly chart is trying to form a bearish engulfing pattern. If confirmed with today's close the weekly candlestick patterns usually work well.
- Bulls needed a weekly cloud breakout for a bigger up move to happen which is unlikely to happen in the short term.
- GLD Weekly chart shows price near a possible support line.
- Weekly chart also shows price trying to stay above 100 Week SMA.
- Daily chart candles shadow suggest of a possible bounce. If price manages to clear the gap we could see a rally towards the resistance line shown in second chart. Possibility of a bigger fall exist if 158 levels does not hold.
- SILVER CHART ANALYSIS
- Daily chart of Tata Steel shows a bullish "W" pattern. Price sustaining above 426 will keep the bullish momentum intact. Next resistance is at 455.
- Price has violated 50 Week SMA. Bulls need a weekly close above this level for extending the up move. Price is also moving into the weekly cloud. For the weekly trend to turn price need to sustain above the cloud.
- RELIANCE POWER TRIANGLE PATTERN
- GOLD AT 100 WEEK SMA
- NIFTY 50 STOCKS - LIVE 5 MINUTES CHART WITH AUTOREFRESH
- GOLD Testing its 100 Day SMA.
- Price also at the bottom of weekly Ichimoku cloud. weekly close below the cloud may extend gains for gold bears.
- Last chart shows the broad range of gold in weekly time frame. Gold for now is trading in the bearish side of the range. Breaking below 1630 levels may take gold towards range bottom. So for bulls of gold its crucial to sustain above 1630.
- SILVER CHART UPDATED
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