January 21, 2014

  • Blackberry daily chart testing 200 Day sma.
  • Weekly chart is at Upper bollinger band
  • Bulls must try to close the day above 200 SMA for extending this up move further. Bearishness at 200 SMA may lead to a pullback.
  • SILVER RESISTANCE LINE
 
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  • IBM Daily chart shows price testing the crucial 200 Day SMA. Daily chart is trying to form  a bullish pattern. There is crucial resistance between 190 in daily chart and 194 in weekly chart as shown in the last chart. Crucial support level is at 183 levels.
  • BLACKBERRY WEEKEND UPDATE
  • SILVER RESISTANCE LINE

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  • Rcom daily chart shows price near falling resistance lines. Bulls need a daily close above the resistance lines for extending the bounce.
  • Price is also seen testing 50 day SMA. Need a bullish candle above this line to confirm a bigger up move.
  • Weekly chart shows price at make or break levels. If price get resisted at the falling line another fall is likely which will test 50 week sma.



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"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