- COCA Cola weekly chart nearing crucial support levels.
- Price threatening to break the weekly cloud. Price also near 100 Week sma and previous resistance level which may also act as support.
- Bulls of coca cola need to sustain above the weekly cloud to resume the long term trend intact.
- First chart shows price getting resisted at 20 Week SMA. Price will continue to stay Weak below Middle bollinger band.
- 2nd chart shows possible support levels if the correction continues.
- Last chart shows hope for bulls in the up trend lien and the Oversold weekly RSI. For bulls price should hold above the up trend line.
- FORD MOTOR BREAKOUT
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- Daily chart shows a MACD sell signal.
- For the above signal to work well price has to break below crucial support level in daily and weekly charts. Daily chart is nearing 50 Day SMA and Weekly chart is testing 20 Week SMA. Trading below these levels could lead to a bigger down move in the coming week.
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DEATH CROSS OF DOWN JONES
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- FORD Motor has given a breakout above the weekly resistance line as shown in first chart.
- 2nd chart is also good news for bulls as weekly candle has given a breakout above the Weekly Ichimoku cloud. Medium term looks good for Ford Bulls.
- For next week price should sustain above 13.05 levels for targeting 50% Fib level and more.
- DEATH CROSS OF DOWN JONES
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