January 12, 2014

  • APPLE Monthly chart shows a bearish possibility which will be confirmed only if the current Month(January) does a bearish close.
  • Weekly chart shows possible support level at 100 Week SMA and 23.6% Fib level. Weekly close below these two levels will confirm bearishness in Monthly chart.
  • BLACKBERRY Weekend update

  • Blackberry weekly chart closed above 20 Week SMA. Fib levels also shows a bullish close.
  • Daily chart though looks overbought. If the corrections stays above 100 Day SMA then this up move can extend. Price closing below 100 SMA will favor bears.
  • GROUPON Weekend update

  • Ford daily chart shows price trying to stay above 200 Day SMA. Price is also trying to fade the GAP in daily chart. Up move is likely to extend towards the falling resistance line shown in chart 2.
  • Weekly chart shows indicators at oversold zone. A Bigger up move can only happen if price is able to get back into the broken range. Previous support level of the weekly range may act as resistance.
  • GROUPON 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