December 4, 2012

SILVER Chart analysis

  • Silver testing 50 Day SMA.
  • 4 Hour chart has broken below the cloud. During the last test of 50 SMA Price was above the 4 Hour cloud. So chance of a bigger correction exist if price sustains below 50 Day SMA.


  1. Hi San,
    Nice to see your updates again.
    Any updates on BIDU and Fb? Bidu reached your target of 90 today. And Fb took support at 26.80 levels. Wavetimes's Ramki has a target of 28-30 on fb.


  2. @Sandeep Koppula

    Thanks for the updates.
    My last analysis on FB too showed a target near 30 FACEBOOK GAP FADING:

    BIDU continues to look in the near term. Daily chart shows a rounding top which looks very bearish. But it can give dead cat bounce as the stock is very oversold before moving down again.

  3. Correction: BIDU Continues to look weak in the near term