December 1, 2013

  • Tesla motors nearing confluence of support levels.
  • Daily chart nearing 200 Day SMA. Weekly chart shows a  pause near Lower Bollinger band and 50% retrace level. If these levels are held and a move above 133.3 can happen on closing basis a bigger bounce is possible. On the contrary a break below 114.2 level on closing basis may extend the current down trend further.
  • APPLE Weekend update

  • Citigroup daily chart shows price testing resistance level with Indicators at overbought zone.
  • Weekly chart shows a Bullish Pattern But price may make another dip towards the rising support line. Weekly candle too looks bearish at Upper Bollinger Band.
  • APPLE 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