February 15, 2014

BLACKBERRY Weekend update

  • Blackberry weekly chart continues to show weakness at Upper bollinger band. 
  • Daily chart unable to stay above 200 Day SMA.
  • Last chart shows price testing crucial support level near 8.98 area and the Daily lower bollinger band. Staying above this level may give an up move back towards 200 sma again. Daily close below this level will extend the correction towards 8.30 levels.

GOLD Target levels for the up move

  • Gold Bulls are able sustaining in the bullish zone above 200 Day SMA. If the corrections are going to be shallow then bigger up moves are possible.
  • Targets for the current up move is likely to be the swing high which is the 1350 - 1360 zone. This resistance level lies between the golden ratio and 78.6% Fib level. Upper bollinger band of Weekly time frame too is near 1350 level. So one can expect a pause to happen at this zone.
  • SILVER Range Breakout and Target levels