YAHOO INC DAILY CHART NEAR THE CHANNEL BOTTOM

YAHOO DAILY VIEW

• YAHOO INC IS TRADING CLOSER TO THE BOTTOM OF THE CHANNEL
• AN MACD CROSSOVER HERE CAN TAKE THE STOCK TO 18 GAIN.
• SEE HOW THE CHANNEL BOTTOM LINE AND MACD CROSSOVER HAS WORKED WELL FOR THE BULLS IN THE PAST.
• A CLOSER LOOK IN THE DAILY CHART IS ALSO SHOWING A POSITIVE DIVERGENCE  IN THE CHART.
• PRICE IS YET TO CONFIRM THE BREAK OUT.

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DOW JONES ONE HOUR CHART MAY FIND SUPPORT

DOW ONE HOUR

• DOW JONES ONE HOUR CHART SEEMS TO FIND SUPPORT EXACTLY AT THE ICHIMOKU CLOUD.
• A BREAK OF THE CHANNEL ON THE UPSIDE ALONG WITH THE SUPPORT OF ICHIMOKU CLOUD CAN SET UP A GOOD LONG TRADE.

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DOW HOURLY CHART WITH ICHIMOKU CLOUD SUPPORT

DOW JONES HOURLY CHART

DOW GAVE A NICE TRADE WITH ICHIMOKU SUPPORT AND CHANNEL BREAK OUT SO LETS BOOK SOME PROFIT.

THE ORIGINAL POST BEFORE BREAKOUT CLICK HERE

NETAPP INC WEEKLY BULLISH ENGULFING

WEEKLY CHART

• STOCK HAS BROKEN AND CLOSED ABOVE THE WEEKLY CONSOLIDATION CHANNEL.
• STRONG BULLISH ENGULFING PATTERN IN WEEKLY CHART
• STOCK TRADING ABOVE 37 WILL MOVE UP AND MAKE NEW HIGH'S.
• GOOD BUYING VOLUME WHEN COMPARED TO LAST FEW WEEKS.

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MICROSOFT CORP OVERSOLD LEVELS CAN TRIGGER A RALLY

MICROSOFT DAILY AND WEEKLY VIEW

• MICROSOFT DAILY MACD IS SHOWING DIVERGENCE.
• WEEKLY CHART SHOWING PRICE GETTING SUPPORT BETWEEN 24-25
• WEEKLY TRIANGLE HAS GIVEN A FALSE BREAK OUT ON THE DOWN SIDE. AND THE STOCK HAS RALLIED BACK IN TO THE TRIANGLE.
• MY VIEW IS THAT 24 - 25 WILL BE GOOD SUPPORT ONE CAN GO LONG WITH A STOP LOSS OF 24. 

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DOW JONES 30 MINUTES CHART ASCENDING TRIANGLE

DOW 30 MINUTES CHART

• DOW JONES 30 MIUTES CHART SHOWS THE FORMATION OF AN ASCENDING TRIANGLE.
• THE BREAK OUT OR BREAK DOWN CAN GIVE THE TRADERS AROUND 500 POINTS FROM THE POINT OF BREAK OUT.
• LOOK OUT FOR FALSE BREAK OUT'S TRIANGLES PRESENT THEM TIME AND AGAIN

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MICRON TECHNOLOGY(MU) BUY SIGNAL IN DAILY CHART

MICRON TECHNOLOGY DAILY CHART

• MICRON TECHNOLOGY DAILY MACD HAS GIVEN A CROSS OVER. AND THE DOWN TREND LINE IN DAILY CHART HAS BROKEN.
• STOCK IS SITTING ABOVE IT'S SUPPORT OF 9.05. 
• SEE HOW THE STOCK HAD A SIMILAR MACD CROSSOVER AND TREND LINE BREAK IN FEBRUARY WHICH RESULTED IN A RALLY TOWARDS 11.30 AREA.
• WE CAN EXPECT THE SAME TO HAPPEN THIS TIME ALSO.

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UPDATED CHART OF MU ON 29-05-2010

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DOW JONES HAD NEGATIVE DIVERGENCE IN MACD

DOW JONES HOURLY CHART

• THE CORRECTION FROM 10250 TO 10070 WAS COMING BECAUSE OF A STRONG NEGATIVE DIVERGENCE OF MACD IN HOURLY CHART SHOWN ABOVE..

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DOW JONES 5 MINUTES BACK INTO THE CHANNEL

DOW 5 MINUTES

• THE BREAKOUT FROM THE DOWNWARD CHANNEL WAS RESISTED BY THE 5 MINUTES ICHIMOKU CLOUD.
• NEXT TIME WHEN IT BREAKS MAKE SURE IT CLEARS THE CLOUD CONVINCINGLY.

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DOW JONES 5 MINUTES DOWNWARD CHANNEL

DOW 5 MINUTES

• THE DOWNWARD CHANNEL THAT'S DRAGGING THE INDEX DOWN.
• LOOK FOR BREAK ON THE UPSIDE CHANNEL AND THE BREAK OF LAST SWING HIGH TO GO LONG.
• 10150 MAY GIVE SUPPORT.
• THE INVERTED HEAD AND SHOULDERS BREAK OUT IS STILL VALID IN HOURLY CHART. SO A LONG TRADE IS SAFER.

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NASDAQ 100 THE RESISTANCE CONTINUES

NASDAQ 100 HOUR CHART

• NASDAQ 100 MAY BREAK ABOVE 1875 IF NOT IT WILL BE BACK TO THE BOTTOM OF THE CHANNEL AT 1835.
• BUT THE RESISTANCE LINE SEEMS TO BE VERY STRONG SEE HOW MANY TIMES THE INDEX HITS THE RESISTANCE LINE AND COMES BACK.
• WE HAVE GOOD SUPPORTS TOO AT 1835 THE PARALLEL CHANNEL BOTTOM LINE COMES HERE.

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APPLE HOURLY CHART RESISTANCE LINE

APPLE HOURLY CHART

• APPLE ON CROSSING THE RESISTANCE WILL REACH 264 AND 272
• LONG TRADE SHOULD HAVE THE BREAK OUT POINT AS STOP LOSS OR JUST BELOW THE BREAK OUT POINT.
• APPLE IS EXPANDING IT'S BUSINESS TO INDIA. APPLE INC IS PLANNING TO SELL IPADS IN ASIA. SO ALL THIS WILL REFLECT IN THE CHARTS

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APPLE INC DAILY CHART BUY SIGNAL

APPLE INC DAILY CHART

• APPLE INC WILL BREAK THE DOWN SLOPING RESISTANCE LINE IF MACD MAKES A POSITIVE CROSSOVER.
• THE FIRST TARGET FOR THIS BREAK OUT WILL BE 264 THEN IT CAN REACH 272

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NIFTY 5 MINUTES RANGE WILL BREAK SOON

NIFTY 5 MINUTES

• NIFTY 5 MINUTES RANGE IS ALL SET TO BREAK ON THE UPSIDE.
• BUT A BREAK BELOW THE ASCENDING TREND LINE CAN BRING IT BACK TO 5020.
• BREAK OUT ABOVE 5061 WILL BRING 5080.
• BREAK DOWN BELOW THE ASCENDING TREND LINE WILL BRING IT BACK TO 5020.

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TATAMOTORS CHANNEL AND MACD CROSSOVERS.

TATAMOTORS DAILY CHANNEL

• MACD CROSSOVER NOW CAN GIVE AT LEAST 817.
• LOOK HOW THE STOCK BEHAVES SIMILARLY WHEN MACD CROSSOVER HAPPENS NEAR THE CHANNEL BOTTOM.
• ONE CAN REMAIN LONG IN THIS STOCK. MACD CROSSOVER WILL GIVE GOOD PROFITS IN THE COMING DAYS.

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NIFTY'S 5 MINUTES RANGE BREAK OUT TRADE

• NIFTY HAS FORMED A RANGE IN 5 MINUTES CHART 5017 LOW AND 5061 HIGH. AS WE ARE IN AN UPTREND THE BETTER TRADE WOULD BE TO LOOK FOR AN UPSIDE BREAK OUT ABOVE 5061

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MAGIC OF FIBO LEVELS IN NIFTY HOURLY CHART

x

NIFTY HOURLY CHART

• Nifty hourly chart shows pressure coming at the 61.8% levels in hourly chart.
• Those who use fibo levels with technical analysis will find it easier to enter and exit trades.

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NIFTY HOURLY CHART CHANNEL AND TRIANGLE

NIFTY HOUR CHANNEL AND TRIANGLE

• NIFTY IS STILL STUCK IN THE HOURLY TRIANGLE. SHOULD TRADE ABOVE 5040 FIRMLY FOR THE UPTREND TO CONTINUE.
• AS EXPECTED EARLIER THE 2ND ATTEMPT OUT OF THE CHANNEL WAS SUCCESSFULL.

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TECHNICAL ANALYSIS FOR NIFTY 27-05-2008

NIFTY DAILY CHART

• NIFTY HAS TURNED UP STRONGLY ALONG WITH DOW AND S&P
• NOW IT LOOKS LIKE IT IS SAFE TO PLAY LONG IN NIFTY TILL 5152 MINIMUM WERE THE NEXT RESISTANCE BAND OF 5152 - 5195 COMES.
• DOW AND S&P HAS GIVEN A BREAK OUT FROM INVERTED HEAD AND SHOULDERS I HAVE UPDATED THE CHARTS IN THIS BLOG.

THANK YOU

NEW BREAK OUT STOCK LMNR - LIMONEIRA

I MADE A MISTAKE IN THE VOLUME ANALYSIS PLEASE DON'T CONSIDER THIS POST. I THANK TICKER STREET FOR POINTING OUT THE MISTAKE. THE VOLUME BAR WAS 12K AND NOT 12M AS I THOUGHT. THIS MISTAKE WILL NOT HAPPEN AGAIN. I SAY SORRY TO MY READERS.

LMNR

• LMNR HAD A BREAK OUT TODAY WITH GOOD VOLUME INCREASE
• STAYING ABOVE $17 WILL ATTEMPT TO HIGHER IN THE COMING DAYS
• AFTER 18 IT WILL GO TO 20 WERE THE FIRST RESISTANCE COMES. THEN IT CAN GO TO 26.

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RUSSELL 2000 INDEX TAKES A NEW DIRECTION

RUSSELL 2000 INDEX HOURLY CHART

• THE INDEX HAS MADE A TURN AROUND IN THE HOURLY CHART.
• A CLOSE ABOVE 675 WILL CONFIRM THIS IN THE COMING DAY'S

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S & P 500 TRIANGLE IN THE HOURLY CHART

TRIANGLE 

• THE BREAK OUT ABOVE 1100 CAN BRING ANOTHER 40 POINTS. SO TARGET FOR BREAK OUT WILL BE 1140 WITH A STOP LOSS OF 1095.
• THE BREAK DOWN BELOW 1090 MEANS WE WILL GO TO 1050 AGAIN. PLAY THIS SCENARIO WITH A STOP LOSS OF 1095.

CAUTION: TRIANGLES GIVE FALSE DIRECTION SOMETIMES. BUT THIS TIME WE HAVE AN INVERTED HEAD AND SHOULDERS TO ASSIST US.

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S & P 500 INVERTED HEAD AND SHOULDERS BREAK OUT

S & P 500 INVERTED HEAD AND SHOULDERS

• THE INDEX HAS GIVEN AN INVERTED HEAD AND SHOULDERS BREAK OUT.
• THE PLACE OF BREAK OUT 1090 WILL BECOME SUPPORT NOW.
• KEEP A STOP LOSS 1085 TO GO LONG
• INDEX MIGHT TAKE A SIDE WAY'S PAUSE FOR A SHORT TIME BEFORE GOING  UP AGAIN

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