CISCO DAILY CHART
CISCO WEEKLY CHART
- Daily chart closed below 20 SMA. Trading above 20 SMA can give a buy signal in daily chart which can extend this bounce.
- MACD in weekly time frame is looking good for bears. MACD histogram is showing negative divergence. MACD lines have given a sell. Bears need price to close below 20 week SMA. Last weekly candle at 20 week SMA is looking good for a small bounce.
- BULLISH ENGULFING OF QQQ
- QQQ Weekly chart shows Bullish engulfing pattern.
- There is no big change in volume which is required for an engulfing pattern.
- Weekly MACD is getting closer to a sell so for this engulfing to be effective follow up buying is required and a breakout above 68.55 will add strength for bulls.
- Daily chart is shown with price above 20 and 50 day SMA. Price need to sustain above these two crucial moving averages
and above 68.55 to avoid a bearish cross.
- GOOGLE WEEKEND UPDATE
- A long trade looks likely in google daily if price stays above 20 and 50 day sma.
- MACD of daily time frames is closer to a buy signal which should help bulls to target price towards the resistance line of a contracting triangle pattern.
- S&P 500 WEEKEND UPDATE
