March 9, 2015

MONTH CHART
QUARTERLY TIME FRAME
  • Ebay Month chart shows a possible Broadening formation. Resistance line comes around 62 levels.
  • 2nd chart looks super bullish for the stock. Quarterly time frame is testing Multi Year High's. A Month close is needed above 60 levels for this one to sustain.


  • Bearish Pin Bar continues to give good results for Facebook bears.
  • Price likely to test the shaded area shown in chart 2.
  • For a larger fall this level must be broken on closing basis.
  • FACEBOOK WEEKEND UPDATE
-->
  • Immediate support levels which bears need to take out is the 200 Period SMA and 38.2% Fib level.
  • As price has fallen well below the 4 Hour cloud, any bounce towards the cloud may give selling opportunity.
  • SPY FALLS BACK INTO THE DAILY RANGE
-->

  • 4 Hour chart shows silver staying above a possible slopping support line
  • 2nd chart shows price staying below a bearish Descending triangle pattern.
  • If price moves back into the pattern it may target the upper resistance line shown in last chart.
  • EURUSD CHART ANALYSIS
-->


  • SBI Weekly chart looks week This can get further bad for bulls if Daily does a close below 200 Day SMA.
  • So bulls must protect 200 SMA to avoid bigger falls.
  • EURUSD CHART ANALYSIS
-->

Disclaimer

All the contents of niftychartsandpatterns are for educational purposes only and are not Investment Advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures. Niftychartsandpatterns shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial or investment adviser before acting on any of the Ideas in this blog.

Followers

Blog Archive

Powered by Blogger.

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