August 15, 2013

 
  • Silver daily chart has closed above 100 Day SMA.
  • Week is testing 23.6% Fib level. This must be crossed on closing basis for a bigger up move to happen.
  • One hour chart shows price trending up above the cloud. Weakness on price falling below the cloud.




  • Cisco moving up in a bearish channel with Negative divergence.
  • Breakdown from the channel may take price towards the GAP.
  • APPLE Fades the GAP
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  • ES Testing crucial support levels shown in 4 hour and Daily time frames.
  • CITIGROUP Cup and Handle Pattern
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  • Apple daily chart fades the remaining portion of an earlier GAP. Daily chart has given a Doji candle.
  • Weekly chart shows overbought indicator with price testing 100 Week SMA. If price starts to trade above 100 Week SMA Then the Indicator will stay oversold which the up move continues.
  • Last chart shows Price at 38.2% which is a crucial fib resistance level.
  • CITIGROUP Cup and Handle Pattern
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  • Daily chart of Citigroup shows a Cup and Handle pattern.
  • Stock is in an up trend as can be seen in chart 2.
  • Crucial support for Citigroup is at 50 Day SMA. The bullish pattern will become weak once price falls below this level.
  • PIN BAR OF CATERPILLAR
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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