July 20, 2013


  • First two charts of Microsoft shows weekly time frames with levels which can give a bounce.
  • Last chart shows the Weekly MACD Sell signal, this one need price to close the week below 50 Week SMA for a bigger fall to happen.
  • APPLE WEEKEND UPDATE
  • TESLA MOTORS WEEKEND UPDATE



 
  • Tesla daily chart shows bulls getting support at the rising support line.
  • Price managed to close back above 20 Day SMA after taking support near 50 Day SMA. For next week Weakness on price trading below 20 Day SMA 
  • In spite of the up move or bounce the weekly chart shows a bearish engulfing pattern which will be effective on price trading below 114.9 levels.
  • APPLE WEEKEND UPDATE
-->



  • Apple daily chart shows price making bearish moves and Daily RSI turning down from overbought levels.
  • Daily chart also closed below 50 Day SMA.
  • Weekly chart has given a bearish Doji like candle which has failed to close above 20 Week SMA.



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