- Bidu near Horizontal and Falling resistance lines.
- Price also testing 200 Day SMA.
- Multiple resistance levels may give a correction in favor of bears.
- Daily close above 117 levels may confirm strength and a bigger pullback may happen.
- S&P 500 WEEKEND UPDATE
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- HP Violating weekly down trend line as shown in the first chart.
- Immediate resistance or target is the Weekly Upper bollinger band.
- 20 and 100 Day SMA should act as support as shown in the last chart.
- RIMM WEEKEND UPDATE
- S&P 500 WEEKEND UPDATE
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- TCS Daily chart shows resistance at 1348 level
- 1348 is also the Golden ratio as shown in the second chart.
- Last chart shows a possible resistance line which may come into play if price decides to spike above 1348 level.
- ACC TRIANGLE BREAKOUT FAILURE
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- ACC Shows a failed triangle in daily time frame. Price getting back into the pattern resulted in a quick fall.
- Second chart shows price testing crucial support levels. Trading below 1351 stock could test the 200 Day SMA at 1320.
- Last chart shows weekly time frame with fib levels and daily cloud which may act as support on a bigger fall.
- NFLX Golden cross continue to do well for bulls.
- Price is approaching crucial resistance levels.
- Second chart shows Weekly candle near Golden ratio. Price sustaining above the rising trend line should lead to a breakout above the golden ratio.
- Month chart shows price nearing 20 Month SMA AT 108 levels. Bulls need to trade above these two levels two extend the current up move.
- S&P 500 WEEKEND UPDATE
- RIMM WEEKEND UPDATE
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