January 25, 2014

  • Blackberry daily chart unable to sustain above 200 Day SMA. Bulls must get back above this level to extend this up move.
  • Weekly chart shows a bearish Doji like candle. Price trading below last week's low may lead to further correction.
  • Last chart shows weakness near the falling resistance line. Bulls must takeout this line for a bigger up move to happen.


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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