October 16, 2013

  • JPM Daily chart shows price testing crucial resistance zone at 53.75 - 53.91.
  • Daily chart shows price testing 100 Day SMA and Ichimoku cloud. Closing the day above these levels may extend this up move.
  • COCA COLA Chart analysis

  • INTEL Daily chart shows weakness at falling resistance line. Price may correct further if closes below 20 Day SMA. Crucial support levels are 200 Day SMA and the rising support line. For a bigger direction price must breakout of this triangle pattern.
  • COCA COLA Chart analysis

  • Weekly chart shows price staying below the cloud which is not good for the long term trend of the stock. Daily chart has a death cross which is doing well so far and today's candle is a dark cloud cover pattern which will be effective once price closes below 37.51 level.
  • ES Support Levels


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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