April 28, 2013

  • Hewlett Packard Weekly charts shows price testing the up trend line.
  • Price is also at 38.2% Fib level and Near 20 Week SMA.
  • If these levels held we may see an up move towards 100 Week SMA. For a bigger up move Price must sustain above 100 Week SMA. Correction will extend if price closes below 20 Week SMA.
  • S&P 500 WEEKEND UPDATE
  • APPLE WEEKEND UPDATE
-->
 
  • US Oil at crucial resistance levels.
  • Daily chart testing 50 Day SMA and Golden ratio.
  • Weekly chart is at 20 Week SMA. So for continuing the up move price must break multiple resistance levels on closing basis.
  • APPLE WEEKEND UPDATE
  • S&P 500 ANALYSIS AFTER CLOSING BELL
-->
  • GLD Daily chart has filled a GAP and price is testing 20 Day SMA.
  • Price must trade above 20 Day SMA For a bigger up move to unfold.
  • Price is also testing the previous channel support line which may act as resistance. So any weakness here may resume correction towards the lows again. Further Strength on closing above 20 Day SMA.
  • APPLE WEEKEND UPDATE
  • S&P 500 WEEKEND UPDATE
-->

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