October 13, 2013


  • Falling resistance line and 20 day sma are immediate resistance levels. Daily close above these levels should lead to an up move.
  • Crucial support is at 50 Day SMA. Recent dip below this level did not last long. Daily candle managed to close above 50 SMA. Weakness for tesla only on closing below 50 Day SMA.
  • BANK Of America Weekend update
-->


 
  • Bank of America daily chart shows resistance at 50 Day SMA and GAP.
  • Crucial support at the weekly rising up trend line from 6.9 levels. Strength on closing above 50 Day SMA. Bearish below 13.6 levels. 

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