November 10, 2013

 
  • Bank of America closed above 50 Day SMA. Sustaining above 50 SMA price is likely to test the resistance line. Weekly chart shows price taking support at the up trend line and may have enough momentum for a breakout.
  • GROUPON Weekend update
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  • Tesla Weekly MACD sell signal continues to do well. Weekly fib levels shows price trying to stay above 38.2% fib level. 
  • Price has closed below 20 Week SMA with weekly Sell signal in place up moves are likely to be small. Bigger falls if 132.32 level does not hold.
  • GROUPON Weekend update
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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