November 5, 2012

SLV Weekend update

 
  • SILVER Daily has closed below 200 Day SMA.
  • Recent Stochastic sell signals in Weekly chart has performed well. Stochastic line is yet to cross below 50% line so more selling is to come.
  • Last chart shows price near 20 week sma. Sustaining below this level should take price towards the crucial support zone between  25 - 26.
  • IWM WEEKEND UPDATE
  • APPLE WEEKEND UPDATE
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4 comments:

  1. Sandeep KoppulaNovember 5, 2012 at 1:12 AM

    Hi San,

    Please help me with this query. I noticed that for SLV, you considered 20WMA 'High' instead of 20Week 'Close'. Any specific reason? Or is it better to consider 'High' values on a weekly chart?

    Thanks,
    Sandeep

    ReplyDelete
  2. SanNovember 5, 2012 at 1:24 AM

    @Sandeep Koppula
    Thanks for spotting it. That should be closing values not high.
    It was an error which i have corrected.

    Thanks again.

    ReplyDelete
  3. kesh2011November 5, 2012 at 7:54 AM

    Thanks for your g8 analysis. please share chart for GS(Goldman saches).

    ReplyDelete
  4. kesh2011November 5, 2012 at 7:59 AM

    Please share chart for AMD, HPQ. If it is possible.

    ReplyDelete

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