March 24, 2013

 
  • CISCO Weekly chart shows a possible bearish candlestick set up.
  • Immediate weekly support at 20.4  -  20.50 and the rising weekly 20 SMA.
  • Daily chart has broken below 50 Day SMA and Testing 23.6% Fib level. Trading below 20.4 may take price towards 38.2% Fib level and lower.
  • BLACKBERRY WEEKEND UPDATE
-->
  • Weekly chart selling off from 100 Week SMA. Weekly candle looks like a bearish pin bar candle.
  • Daily chart too has given a bearish engulfing pattern. 
  • Now hope for bulls is to hold above 50% Fib level and 50 Day SMA. Breaking these two levels on closing basis will extend the fall.
  • APPLE WEEKEND UPDATE
-->
  • Ford motor is getting resisted at the Golden ratio in daily time frame.
  • Daily chart has a bullish inverted head and shoulders pattern.
  • Crucial levels in weekly to hold for bulls is 13.05. Rising 20 week SMA too is a crucial support level. Strength above 13.47 levels.
  • APPLE WEEKEND UPDATE
-->


  • Price closed above 5 Week High EMA after many weeks. 
  • Weekly MACD is looking Good for a buy signal. Price may move towards 100 Week SMA AT 489. Fib levels shows 23.6% Fib level at 486.


Disclaimer

All the contents of niftychartsandpatterns are for educational purposes only and are not Investment Advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures. Niftychartsandpatterns shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial or investment adviser before acting on any of the Ideas in this blog.

Followers

Blog Archive

Powered by Blogger.

My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore