January 5, 2014

  • Yahoo Daily chart shows price reacting to Negative divergence and MACD Bearish Cross. Further correction on price sustaining below 20 Day SMA and the support level between 38- 39.
  • BLACKBERRY Weekend Update

  • Breakout above the falling resistance line of weekly time frame continues to be valid. But price is testing crucial resistance levels in 20 Week SMA and 23.6% Fib level. Bulls need to close above these levels to extend this up move further. Bearishness at 20 Week SMA may reverse this up move.
  • FACEBOOK 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