- Google Hour falls below 50 and 200 Hour SMA.
- Daily chart is testing 23.6% Fib level and 50 Day SMA.
- An oversold bounce looks likely from the current levels. Daily close below 50 SMA will extend the fall.
- APPLE CHART ANALYSIS
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
March 28, 2013
GOOGLE Chart analysis
FACEBOOK Chart update
- First chart shows price moving up towards the falling resistance line.
- Price has managed to comeback above the 200 Day SMA.
- Last chart shows the Bullish falling wedge pattern with immediate target of 20 Day SMA which may also coincide with the falling resistance line shown in first chart. For a big up move price must close above 20 SMA and the falling resistance line.
LARSEN & TOUBRO intraday update
- LT Moving towards crucial support level of 1307.
- Price has violated a crucial rising support line in weekly chart.
- Breaking below 1307 price could test the Golden ratio at 1256 levels.
- Taking support at 1307 may lead to a bounce towards 1400 again.
- SBI HEAD AND SHOULDERS PATTERN
APPLE Chart update
- APPLE Daily chart unable to enter the cloud. Price shows weakness near the cloud.
- Daily chart has gone back below 50 Day SMA. Hourly chart is also trading below 50 Hour sma..
- Daily close below 50 Day SMA may extend gains for Apple bears.
- FACEBOOK FALLING WEDGE PATTERN
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