January 25, 2013

CRUDE Oil Channel and Golden cross

  • CRUDE Oil Daily chart shown with resistance at 78.6% Fib level.
  • Sustaining inside the daily channel will help crude oil bulls to extend the up move.
  • Daily chart shows a bullish Golden cross which may help bulls to buy on dips. 

January 24, 2013

APPLE Chart analysis

  • APPLE Monthly chart shown with the up trend line near 460 - 470 zone.
  • Weekly chart shown with the same price zone.For bulls price should test this zone and get back above 100 Week SMA to close the week above 100 SMA. Closing the week below 100 SMA will attract more selling.
  • Month chart shown with price testing middle bollinger band. Price sustaining below 20 Month SMA too will attract more selling. 
  • DOW JONES TRIPLE DIVERGENCE
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BANK Of America Support levels

  • For Bank of america crucial supports are the 23.6% Fib level shown in the last chart and the rising 50 day SMA at 10.72
  • Immediate support is the lower bollinger band. For Bulls Price Holding above the lower BB should attempt to move above 20 Day SMA for resuming the Up move again. 
  • Weakness on falling below 11.02 which may give targets of 10.95 and 10.72.
  • DOW JONES TRIPLE DIVERGENCE
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MICROSOFT Chart analysis

  • Microsoft nearing the Range Top.
  • Price is sustaining above 50 Day SMA which may help bulls with an upper breakout.
  • Weekly chart is shown with resistance at 100 Day SMA.
  • DOW JONES TRIPLE DIVERGENCE
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HDIL Chart analysis

INTRADAY UPDATE
  • Price has broken below all support levels mentioned in the daily chart in the below post.
EOD UPDATE

  • HDIL Daily chart shows a high volume breakdown.
  • Price is back near crucial support levels in both weekly and Daily time frames. 50 Week SMA is getting tested a close below this level could take price towards the rising support line.
  • Daily chart also shows crucial support between 91 and 93 If not held price could target 86 levels.
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S&P 500 Analysis after closing bell

 
  • 30 Minutes continues to trend up above the cloud.
  • Weekly chart shown with possible target level near 1515 levels.
  • Weekly chart also shows the chance of a triple divergence which is stronger than the regular divergence if gets confirmed.
  • DOW JONES TRIPLE DIVERGENCE
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January 23, 2013

EURUSD Chart analysis

 
  • EURUSD Daily chart shows price inside a range.
  • With price getting resisted at 100 Week SMA price may give a small dip from this range. But the bigger picture shows a bullish inverted head and shoulders which will be effective on trading above the 50% Fib level shown in the last chart.