- Groupon daily chart is in a triangle shaped consolidation pattern.
- Weekly chart shows immediate support and resistance levels at 9.9 and 11.21.
- Daily cloud base is also acting as support. Weakness if price starts to close below the cloud.
- BLACKBERRY Weekend Update
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
February 17, 2014
Groupon Triangle Pattern
February 16, 2014
CRUDE Oil weekend update
- Up move in daily chart continues to pause at 200 Day SMA.
- Bulls need a close above 100 - 101 zone for bigger up moves to happen.
- Hour is trading above the cloud. Price continues to be in a range in hour chart. Weakness only if price starts to trade below the hourly cloud.
FORD Motors Weekend update
- Ford weekly chart shows price taking support at the crucial 14.3 level which has acted as support and resistance levels in the past.
- Price has bounced from the above mentioned level to the 20 Day Moving average. MACD alignment is looking bullish but price has to stay above 20 SMA for a bigger bounce to happen.
- This up move will find it tougher to sustain at higher levels because of the Death cross. For the Death cross to perform well price should break and close below 14.3 levels.
February 15, 2014
BLACKBERRY Weekend update
- Blackberry weekly chart continues to show weakness at Upper bollinger band.
- Daily chart unable to stay above 200 Day SMA.
- Last chart shows price testing crucial support level near 8.98 area and the Daily lower bollinger band. Staying above this level may give an up move back towards 200 sma again. Daily close below this level will extend the correction towards 8.30 levels.
GOLD Target levels for the up move
- Gold Bulls are able sustaining in the bullish zone above 200 Day SMA. If the corrections are going to be shallow then bigger up moves are possible.
- Targets for the current up move is likely to be the swing high which is the 1350 - 1360 zone. This resistance level lies between the golden ratio and 78.6% Fib level. Upper bollinger band of Weekly time frame too is near 1350 level. So one can expect a pause to happen at this zone.
- SILVER Range Breakout and Target levels
February 14, 2014
SILVER Range breakout and target levels
- First chart shows daily time frame with range breakout and target zone which is above 22.
- Second chart is the weekly time frame with price breaking above Middle bollinger band. Closing at the current levels may extend this move towards the upper bollinger band.
- Immediate levels to watch is the 38.2% Fib level shown in daily time frame. Price must sustain above this level for a bigger up move to happen.
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