May 7, 2014

  • Daily chart shows death cross for amazon with 50 SMA crossing below 200 SMA.
  • Weekly chart shows price nearing crucial support zone.
  • Break of the rising support line of weekly time frame looks bad for bulls of amazon

  • Daily candle of gold is showing weakness at crucial resistance zone. One has to wait for the daily cloud to close lower to confirm weakness.


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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