SINA Bullish engulfing and Weekly support level

• SINA Corp weekly chart shows price testing crucial support zone between 41 and 43
• Daily chart shows a Bullish engulfing pattern.
• Daily chart with macd shows positive divergence. Good upward momentum can happen only if price starts to trade above 50 levels.

IWM Weekend update

• IWM Daily chart shows price closing above the falling resistance line.
• 50 Day SMA is the immediate resistance level.
• Weekly chart looks bullish as price forms an engulfing pattern just above the cloud. If the price advance continues the engulfing pattern can be confirmed.