November 6, 2013

FACEBOOK Support levels

  • Facebook daily chart near crucial support levels.

CISCO Bullish price action

  • Cisco daily chart managed to close above the down trend line and 200 Day SMA. Next resistance is at the 50 Day SMA. Closing above the 50 Day SMA and a weekly close above that level should start a bigger up move in CISCO. For bears of CISCO need the weekly trend line to break which is less likely to happen.

GOLD Support and resistance lines

  • Gold 4 hour chart shows a small head and shoulders pattern. Neck line and 50% Fib level is acting as support for now. Resistance is at 38.2% Fib level and 200 period SMA. So gold must get out of this range for a bigger move to happen.