- Microsoft weekly chart shows previous low acting as resistance.
- Daily chart shows price resistance at Daily cloud top and 38.2% Fib level.
- Confluence of resistance stopping bulls from moving up. Only a weekly close above these levels can add momentum for bulls. Weakness here may lead to a fall towards 27.0 again.
- APPLE WEEKEND UPDATE
February 18, 2013
- First chart shows price testing crucial support level.
- Support zone in daily chart is also near 23.6% Fib level.
- If the recent price action in daily chart is to repeat we may see a bigger correction in crude oil. For bears of crude oil need a close below 50 Day SMA for the above mentioned scenario to play out.
- EURUSD WEEKEND UPDATE