August 13, 2013

 
  • Silver testing 100 Day sma
  • Price near 23.6% Fib level
  • Sustaining above the cloud may extend the up move. Weakness on price falling back into the daily cloud.



 
 
  • First chart shows Fibonacci support levels for today's correction
  • Daily chart shows weakness at resistance levels.


  • Blackberry daily chart near the GAP
  • Price near 50 Day SMA and 38.2% Fib level which may act as resistance.




  • Daily chart is trying to move up from a bullish engulfing pattern. Weakness on price falling back below 5557 levels.
  • Bullishness can only be confirmed on price closing above 5 Week High EMA.
  • last chart shows crucial support level in weekly chart. Bigger weakness only on price closing the week below 100 WSMA.

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