November 15, 2013

FACEBOOK Chart update

  • 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 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