- First chart is the Weekly time frame with Fibonacci levels for the rise from $13.61 TO $27.74.
- Price is trading at 78.6% for the above mentioned range. Week candle has given a DOJI at 78.6% Fib level.
- Next chart shows a previous resistance turning as support scenario. Current week closing has acted as resistance previously and price is closer to the channel support line. So this confluence of support may give a bounce.
- Third chart shows MACD positive divergence which can help the stock to bounce.
- And if all the reasons fail stock may start to go down again so one should put a tight stop loss below 16.59 level.
- INTEL CHART ANALYSIS
- In weekly chart price is moving towards the resistance line which is between 22 and 23.
- Stochastic indicator has just turned up from oversold level, If resistance line gets broken we can see further upsides for the stock.
- Daily time frame shows a gap in chart which is negative for the bulls. But price is above 50 and 200 day moving averages Sustaining above this important for the bulls.
- THREE REASONS TO GO LONG IN CISCO
- Bank nifty with a possible inverted head and shoulders pattern.
- Breakout above 11950 level can give good trade.
- Range in daily chart too is not yet broken
- Range is from 11480 to 11950 level.
- ES is showing a range from 1322.75 - 1337.50.
- 1329.50 is the support resistance zone inside the range.
- Price breaking the lower or upper boundary can give good direction.
- AAPL Daily chart has broken the resistance line.
- Week chart is also looking bullish. Current week candle is about to engulf last 3 bearish candles, price has to close near the high of the week for this to happen.
- If weekly closing goes well for bulls we will see 360 levels for AAPL in the coming week.
- GOOG IN A TRIANGLE PATTERN
- Dow Jones Trades above the resistance line in daily chart. This can also be taken as the neck line of the inverted head and shoulders pattern.
- Price should sustain above 12450 level.
- If a strong trending move is about to unfold price may not touch the 20 day moving average for some days to come.
- TRIANGLE OF GOOGLE
- Month chart of GOOG shows price hitting the supporting trend line of a triangle pattern.
- Price may give a bounce from here.
- Weekly chart shows current week candle forming a Doji like candle on the Trend line.
- If the week closes like this we may see GOOG Rising from next week onwards.
- Further correction will be possible if this trend line gets broken. This also means breakdown from the triangle pattern which will be bad for GOOG.
- ES 30 MINUTES CHART
