August 25, 2013


  • GLD Closed above 200 Day SMA.
  • Week closed above 20 Week SMA.
  • Immediate resistance at 38.2% Fib level(137.3). If price breaks above 38.2% Fib level up move may extend to Weekly upper bollinger band.
  • SILVER Weekend update
-->
 
 
  • Three resistance levels for Silver. First and the Immediate one is the 200 Day sma at 25.05.
  • Weekly chart shows price moving towards Upper bollinger band which may act as resistance.
  • If price is able to trade above the Upper BB then it may target the Support zone of the Descending triangle 26.02 - 26.36.
  • FALLING Wedge of INTEL
  • S&P 500 Weekend update
-->
  • Weekly chart of SPX has given a hammer candlestick at Weekly Middle Bollinger band.
  • The down move was arrested near 100 Day SMA and price managed to close above 50 Day SMA.
  • Daily stochastic is at oversold levels, up move from here should reach 1680, Price sustaining above 20 Day SMA may give a bigger up move.
  • HEWLETT Packard weekend update
  • FALLING Wedge of INTEL

  • Intel continues to trade inside the Bullish Falling wedge pattern of daily chart.
  • Price is closer to the Weekly rising support line.
  • One more decline if happens will hit the Trend line and Weekly Lower Bollinger band which may lead to a reversal of the current move.
  • HEWLETT Packard 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