January 7, 2014

APPLE Chart update

  • APPLE Daily chart trading near the rising support line from 388 levels.
  • 4 Hour chart shows price pausing at the Golden ratio.
  • Daily chart with Ichimoku cloud shows price trading closer to the cloud.




Dow Jones analysis after closing bell

  • Dow Jones daily chart shows bearish price action after big divergence with RSI.
  • Correction is yet to test the 23.6% Fib level. Daily MACD shows a bearish alignment as shown in chart 2 and May extend the correction towards 20 Day SMA initially. 
  • BLACKBERRY Bullish price action and Resistance levels
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January 6, 2014

CRUDE Oil Chart update



  • 4 Hour chart shows price breaking another crucial fib level in 78.6%. 
  • Daily chart shows price fast approaching crucial support zone between 91 - 92. 
  • Weekly chart also shows price near the all important 200 Week SMA.


Blackberry bullish price action and resistance levels


  • One hour chart shows price breaking out of an ascending triangle pattern.
  • 4 Hour chart shows resistance line at 200 Period SMA.
  • Daily chart shows bulls trying to break above the cloud. Previous attempts to break above the cloud has failed. For bulls of Blackberry price has to sustain above the cloud to sustain this up move.

CISCO Chart analysis


  • CISCO Overbought and near resistance line.
  • Price also testing the Daily cloud.
  • For now price is trying to stay above 50 Day SMA. More weakness only if price starts to trade below 50 Day SMA.
  • BLACKBERRY WEEKEND UPDATE
  • YAHOO Negative Divergence
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APPLE Chart update



  • Apple testing 50 Day SMA.
  • Price also trading near the golden ratio and the Daily Ichimoku cloud which may act as support.
  • FACEBOOK Weekend update
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January 5, 2014

Yahoo Negative divergence and support levles

  • Yahoo Daily chart shows price reacting to Negative divergence and MACD Bearish Cross. Further correction on price sustaining below 20 Day SMA and the support level between 38- 39.
  • BLACKBERRY Weekend Update
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