November 15, 2013

  • Immediate resistance for Facebook at 20 Day SMA. Second chart shows price forming the right shoulder of a possible head and shoulders pattern. For a bigger down move price has to close the week below 23.6% Fib level shown in chart 3.
  • BANK Of America chart update

  • Bank of America daily chart shows the breakout and bullish close above the resistance line. Weekly chart shows immediate hurdle at 15.03 levels.
  • Weekly chart shows price sustaining above golden ratio and a possible resistance at 15.31 levels. Closing above this level should lead to a bigger move towards 78.6% Fib level at 16.
  • BANK Of America 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.


    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