January 7, 2015


  • Apple daily and weekly chart shows possible support levels for a long trade.
  • Bulls need to hold above 100 Day SMA on closing basis for the bounce to extend.
  • BANK OF AMERICA SUPPORT ZONE
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  • Bank of america has given good correction from the bearish engulfing pattern. For Now price is testing a crucial support zone as shown in four hour chart. Daily chart too is trying to stay above 100 Day SMA. If daily time frame manages to stay above 100 SMA a long trade looks possible.
  • BANK OF AMERICA WEEKEND UPDATE
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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