- QQQ Daily chart shows possible resistance levels. 50 Day SMA, Falling resistance line and Golden ratio will act as stiff resistance levels.
- Weekly chart shows rising support line and 20 Week SMA as support levels. Bears need a weekly close below these levels for a bigger down move to follow.
- BLACKBERRY WEEKEND UPDATE
June 30, 2013
- Apple first chart shows price at weekly lower Bollinger band. This level has acted as support in the recent past for a trading bounce.
- Daily chart shows possible double bottom up move 385 is held.
- Month chart shows more pain for bulls if 385 is not held. Below 385 apple could test its Monthly Lower Bollinger band at 343.
- BLACKBERRY WEEKEND UPDATE
June 29, 2013
- Price closed below 200 Day SMA. Price may attempt a partial filling of the GAP which is likely to end at or near 200 Day SMA.
- Weekly chart closed below the cloud which is negative the long term trend for the stock.
- Weekly chart also shows a triangle breakdown which is likely to take price towards 7.29 levels in the medium term.
June 28, 2013
- Bank nifty daily chart nearing 5 Day High EMA. This has acted as perfect resistance level to go short for the current down move. Now for a pause or change in trend price must trade above this line.
- Weakness below 11033 for a possible fall towards 10897.
- Current fall is getting ready to give its sixth bearish weekly candle and price is close to crucial levels like 100 Week SMA and Weekly Lower Bollinger band Which may result in a bounce in the coming week.
June 27, 2013
- Long term trend of Gold getting tested as price falls into the Monthly cloud.
- Price is also nearing Golden ratio in Monthly chart for the rise from 680 to 1920. Golden ratio is at 1153 levels.
- Hour chart continues to trend down below the cloud. For a possible pullback price must trade above the hourly cloud.
- EURUSD TREND UPDATE
- Bank of america nearing its 50 Day SMA.
- Price also near the broken support level of the descending triangle pattern which may act as resistance.
- 4 Hour cloud too may act as resistance. Price sustaining below the cloud will give selling opportunities. Strength or the resumption of up move only on price sustaining above the cloud.
- APPLE SUPPORT LEVELS
June 26, 2013
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