- Silver up move can extend only on price breaking above the resistance levels mentioned in first two charts.
- 4 Hour chart shows the breakout above the falling resistance line which resulted in a fast up move.
- Daily close above 38.2% Fib level may extend this up move.
- SLV Weekend update
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- Gold daily chart need a close above 20 SMA and the channel line shown in second chart for a possible extension of the current up move towards 50 Day SMA.
- 4 Hour chart shows possible resistance levels at 38.2% and 50% Fib level
- Ford daily chart shows a bearish descending triangle pattern with support zone at 16.35 - 16.42
- Key resistance levels in daily chart are the 50 and 100 Day SMA.
- Weekly chart shows major support levels at 16.09 and the rising support line.
- ES one hour time frame shows price near 50 Hour SMA. 30 Minutes chart shows cloud as support and the black resistance line which bulls need to break above for a possible up move to follow. Closing below the cloud may result in a fall.
- 4 Hour time frame shows price struggling to cross the recent resistance levels.
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BANK Of America support levels
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- Rising 20 day sma is the Immediate support level for BAC.
- Price for now is taking support at the broken weekly resistance level of 15.31 level.
- If the stock starts to fall 38.2% fib level and 15.03 levels may act as support.
- Weekly chart shows Ebay taking support at 100 Week SMA. Bears of Ebay needed to close below this moving average for a bigger down move to happen. Price took support here and moved back into the weekly range.
- Daily chart shows resistance at the Daily ichimoku cloud and 50 Day SMA. Bulls need to clear these two levels on closing basis to extend the current up move. Failing to close above these levels will resume the fall again.
- FACEBOOK resistance levels
- SLV Weekend update
- Facebook getting resisted at multiple resistance levels like 50 Day SMA, 50% Retrace level and Upper Bollinger band. FB bulls need a close above these levels to extend the current bounce. If price fails to move above these levels it may retest sub 46 levels again.
- GROUPON Weekend update
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SLV Weekend update
