December 9, 2013

  • Weekly chart shows Ebay taking support at 100 Week SMA. Bears of Ebay needed to close below this moving average for a bigger down move to happen. Price took support here and moved back into the weekly range.
  • Daily chart shows resistance at the Daily ichimoku cloud and 50 Day SMA. Bulls need to clear these two levels on closing basis to extend the current up move. Failing to close above these levels will resume the fall again.
  • FACEBOOK resistance levels
  • SLV Weekend update
  • Facebook getting resisted at multiple resistance levels like 50 Day SMA, 50% Retrace level and Upper Bollinger band. FB bulls need a close above these levels to extend the current bounce. If price fails to move above these levels it may retest sub 46 levels again.
  • GROUPON Weekend update
  • SLV 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