- Blackberry weekly chart shows price getting resisted at 38.2% Fib level and 50 Week SMA. Confluence of resistance stopping Blackberry bulls from moving up. Further strength only on price closing above these levels.
- Bears of Blackberry need price to close below 9.47 with MACD Bearish cross for a bigger correction to follow.
- FORD DEATH CROSS UPDATE
-->
- Reliance daily chart shows price falling in a descending channel. In a previous post we saw price near the resistance line which gave a good short trade.
- Daily chart shows stock nearing a Death cross.
- Bulls need support from 50 Week SMA for a possible bounce towards the channel resistance lines again.
- SPY Daily chart shows price testing the crucial 100 Day SMA and Ichimoku cloud
- Weekly chart is near the rising support line from 134 levels.
- If the levels are held an oversold bounce is likely here. Recent price action in weekly chart does favor bears But it needs to break the crucial up trend line to extend gains on the downside.
- FORD DEATH CROSS UPDATE
-->
-->
- Crude oil one hour chart shows an ascending triangle pattern.
- Price if continues to stay above 50 day sma may lead to 200 sma.
- Price need to close above the falling resistance line shown in chart 2 for a bigger up move to happen.
-
FORD DEATH CROSS UPDATE
- Ford Daily chart is nearing a Death cross.
- Weekly chart is testing 50 Week SMA and a crucial support zone between 15.10 and 15.30. Death cross will perform well if the above mentioned levels gets broken on closing basis.
- YAHOO Chart Analysis
- Weekly MACD Bearish cross looks good for Bears of Yahoo. MACD histogram and price also shows negative divergence. But price has to trade below 20 Week SMA for a bigger down move to happen.
- Daily chart shows price getting support at the cloud. Price must close below the cloud for a bigger correction.
- Price staying below 50 Day SMA will favor bears of yahoo.
- FACEBOOK Chart update
-->
- ES Daily chart shows previous resistance line acting as support so far.
- 38.2% Fib level too has given support. One can add the 100 Day SMA to there as well which makes this a crucial support zone.
- Hour chart shows price unable to stay above the hourly cloud.
-
Bank of America Trend update
