April 27, 2013

FACEBOOK Weekend update

 
  • Last chart shows failure to close outside the contraction pattern.
  • Price has also failed to close above 50 Day SMA.
  • Second chart shows confluence of resistance at 100 Day SMA and 38.2% Fib level.
  • So multiple resistance levels must be crossed on closing basis for confirming a breakout. Sustaining below this resistance level may result in a dip towards 24.60 levels.
  • S&P 500 WEEKEND UPDATE
  • APPLE WEEKEND UPDATE
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1 comment:

  1. StockApril 28, 2013 at 12:21 AM

    2 out of 3 custom indicators are calling for a big downmove. Maybe enough to get people to clamor for less Sequester, more QE.

    Volatility on Steroids has an Inverted Head and Shoulders with Backtest just completed. When this rockets up, markets rocket down.

    http://oahutrading.blogspot.com/2013/04/vos-volatility-on-steroids-with-ihs.html

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