- EBAY daily chart shows price falling towards 200 Day SMA.
- Weekly chart has fallen below 20 Week SMA. Next support is at 49.2 level.
- Fibonacci levels shows price near 23.6% Fib level. Holding above this level may lead to a bounce. If 23.6% fib level and price support of 49.2 does not hold then a bigger correction may happen.
- GOOGLE WEEKEND UPDATE
- APPLE WEEKEND UPDATE
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
March 17, 2013
EBAY Weekend update
GOOGLE Weekend update
- Dark cloud cover pattern in daily chart continue to work well for bears of Google.
- Price resting at 20 Day SMA. Falling below this level will extend the fall.
- Weekly chart shows negative divergence. A bigger fall can be seen if the divergence starts to take effect.
- APPLE WEEKEND UPDATE
SPY Weekend update
- First chart shows a possible resistance line in weekly chart.
- Second chart shows daily chart with support zone at 155.13 levels. Trading below this level may extend the fall towards the GAP.
- Last chart shows the weekly time frame with strong indicator. Weekly stochastic yet to turn down.
- APPLE WEEKEND UPDATE
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