September 27, 2015

  • Facebook daily shows a bearish possibility. MACD shows a possible bearish cross in the making which may give a correction.
  • Weekly trend continues to remain intact above the cloud. Few weeks back the cloud was tested but it acted as strong support. So unless break below weekly cloud bigger corrections will not happen.

  • Apple near resistance levels in daily and weekly time frames. For apple bears price needs to stay below 50 week sma.


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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