January 15, 2014


  • Tesla Weekly chart shows price violating 20 Week SMA. Bulls need a weekly close above Middle bollinger band to further gain strength.
  • Daily chart shows price closing above the falling resistance line and the 100 Day SMA. Sustaining above these two levels will favor bulls of TESLA.
  • Last chart shows potential resistance in Golden ratio. Bulls need to takeout this level to extend gains.
  • CISCO RESISTANCE LEVELS
-->

  • Cisco daily chart shows confluence of resistance at the current level. Bullish close above these levels on closing basis may extend this up move to close the GAP in chart completely.
  • Bearish daily and week candle here may resume the down move.



Disclaimer

All the contents of niftychartsandpatterns are for educational purposes only and are not Investment Advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures. Niftychartsandpatterns shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial or investment adviser before acting on any of the Ideas in this blog.

Followers

Blog Archive

Powered by Blogger.

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