April 22, 2013
- Caterpillar nearing death cross in daily chart.
- Weekly chart is testing crucial support zone between 78 - 80. If this level holds an up move is likely.
- Weekly chart also shows price closing below 200 Week SMA. If bounces today price should sustain above this level(200 wsma) otherwise a bigger correction looks likely in this stock.
- ES CHART ANALYSIS
- ES 30 Minutes chart shows price in a small range. Price above the cloud should lead to an upper breakout.
- One hour chart shows price ranging above 100 Hour SMA. Sustaining above 100 SMA should lead to 200 Hour SMA.
- 4 Hour chart shows price ranging at 38.2% Fib level with next resistance at 50% and support at 23.6% fib level.
- APPLE POSITIVE DIVERGENCE
- Daily close above Ichimoku cloud and weekly close above 20 Week SMA suggest strength. Sustaining above these levels should give further up moves.
- Fib level shows next resistance at 78.6% Fib level.
- Monthly chart shows price testing 5 Month High EMA This one should be crossed for a bigger up move to unfold.
- NIFTY CHART ANALYSIS
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