CISCO Support and Resistance lines

 

• Cisco weekly chart shows price testing the up trend line and 50 Week SMA. Bullish weekly candle here could confirm a reversal.
• Daily chart shows price trading below the crucial 200 Day SMA so the stock continues to look weak and a Bullish reversal can be confirmed only if price starts to sustain above the 200 SMA and the falling resistance line shown in last chart.
• ES Ascending Triangle

FACEBOOK Bearish Engulfing and Support levels

• Facebook Daily chart has given another bearish engulfing pattern. Correction started with the first Bearish Engulfing pattern. For the next pattern to work well price must break crucial support zone around 51 and a daily close below 20 Day SMA should give an extended fall.
• CRUDE OIL Weekend update
• ES Ascending Triangle

-->

CRUDE Oil Weekend update

• Crude oil weekly chart shows price taking support at the triangle resistance line. 
• Bounce also coincides with the golden ratio shown in weekly chart.
• Daily chart shows Pin Bar candlestick which may give a bounce towards 23.6% Fib level.
• ES Ascending Triangle breakout

-->

ES Ascending triangle

UPDATED CHART

• Ascending triangle has given a breakout. Price managed to close above the resistance level after multiple failures. Bulls if holds above the resistance zone will be able to extend this up move further in the coming week.

• 1st chart shows an ascending triangle in 30 Minutes time frame with failed breakouts. Price closing outside this pattern should give good direction. Ascending triangles mostly breakout on the upside.
• 2nd chart shows strong support at 100 Hour sma which bears should break on closing basis. Breaking the resistance level will extend the primary trend.

-->

FACEBOOK Support levels

• Facebook one hour chart shows previous resistance level acting as support. 
• 38.2% Fib level is also acting as support. For bigger correction price must close below these levels.

ES Chart update

• ES one hour chart shows price moving in a range and continues to take support at 100 Hour SMA. Break below 100 Hour SMA may test the range bottom. Crucial support is the 50 Period SMA shown in four hour time frame. Sustaining above this line may lead to more up moves.  
• APPLE Chart update

-->

APPLE Chart update

• Apple weekly chart likely to do a bullish close for this week above 100 Week SMA. Next weekly resistance level is at 545 which is the 50% Fib level and the Weekly cloud Top which is is also near 545.  So closing above this level will be bullish for a bigger target. Weakness at these levels may result in a fall back to 500 levels.
• FORD Resistance levels

-->