January 17, 2014

  • Ford showed good upward momentum till now. But bulls are near crucial resistance levels like the daily Ichimoku cloud, 20 Week SMA and the Golden ratio.  Weekly close above 20 week sma can sustain the upward momentum.
  • INTEL Weekly chart shows price getting resisted at 78.6% Fib level
  • Second chart shows crucial support and resistance levels. 
  • Month chart shows price testing Upper bollinger band.
  • FACEBOOK Chart analysis

  • Facebook daily chart shows a Bullish ascending triangle pattern.
  • Second chart shows price near 20 Day SMA. FB Bears need a close below 20 Day SMA Which should take price towards 55 and 53 levels.
  • Daily close above 58.96 level will give an ascending triangle breakout.


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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