- JPM Weekly chart has broken below 23.6% Fib level.
- Immediate support levels are 46.85 and 20 Week SMA.
- Daily chart with Ichimoku cloud shows the up trend getting tested. If the correction is limited to the cloud the up trend will be safe. For the trend to turn price must sustain below the cloud.
- GOOGLE WEEKEND UPDATE
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
March 31, 2013
JP Morgan Chase Trend update
Bearish Engulfing of Bank of America
- Bank of america weekly chart shows a bearish engulfing pattern.
- Daily chart is near crucial support levels like 20 and 50 Day SMA.
- Bearish engulfing pattern will gain strength if price starts to trade below 50 Day SMA and the Golden ratio. So the level for bears to break is 11.73 on closing basis. For bulls they must protect 20 Day SMA for avoiding a bigger fall.
- BLACKBERRY TRIANGLE PATTERN
- APPLE WEEKEND UPDATE
ORACLE Weekend update
- Price managed to close above 200 Day SMA, This momentum may take price towards 38.2% Fib level or 100 Day SMA which may act as resistance in daily time frame.
- Weekly chart shows a MACD Sell signal. Price sustaining below the channel will add strength for the sell signal.
- APPLE WEEKEND UPDATE
SLV Weekend update
SLV WEEKLY CHART
SLV DAILY CHART
SLV WEEKLY CHART
- SLV Weekly chart with fib level shows price trying to stay above 78.6% fib level.
- Next is the daily chart shown with the recent range. Price is violating or threatening to break the range on the downside.
- Last chart the weekly time frame shows the crucial levels and possible targets in case of a breakout or a breakdown.
- APPLE WEEKEND UPDATE
March 30, 2013
APPLE Weekend update
- Daily chart has fallen back to 20 Day SMA. Daily close below this level may extend the fall.
- Price also was unable to sustain above 50 Day SMA. Now its moving towards Golden Ratio at 438 which is a possible support level. Unable to hold above Golden ratio may lead to the recent low point again.
- Weekly MACD is looking great for bulls with Positive Divergence But price is not showing any sign of strength. Weekly candle almost gave a bullish engulfing pattern.
- GOOGLE WEEKEND UPDATE
- BLACKBERRY WEEKEND UPDATE
EBAY Weekend update
- EBAY Daily chart Testing 50 Day SMA
- EBAY Sustaining above the Up trend line from 29 levels may help bulls to resume the up move again.
- Price staying above Weekly Bullish engulfing and 20 Week SMA will favor bulls.
- GOOGLE WEEKEND UPDATE
- APPLE WEEKEND UPDATE
March 29, 2013
GOOGLE Weekend update
- Weekly stochastic has given a sell signal.
- Week has also given a bearish engulfing pattern.
- Next crucial support level in weekly chart is at 774. Before reaching there bears must close below the daily 50 Day SMA.
- BLACKBERRY WEEKEND UPDATE
- APPLE WEEKEND UPDATE
BLACKBERRY Weekend update
- Blackberry daily chart shows a contracting triangle pattern.
- Weekly charts shows the levels which bulls and bears must cross for bigger moves.
- Bears must close the week below 20 Week SMA for a bigger fall to happen.
- For bulls the Bearish Pin Bar at 100 Week SMA looks a strong resistance area. Bulls must close above 100 Week SMA for bigger up moves to happen.
March 28, 2013
GOOGLE Chart analysis
- Google Hour falls below 50 and 200 Hour SMA.
- Daily chart is testing 23.6% Fib level and 50 Day SMA.
- An oversold bounce looks likely from the current levels. Daily close below 50 SMA will extend the fall.
- APPLE CHART ANALYSIS
FACEBOOK Chart update
- First chart shows price moving up towards the falling resistance line.
- Price has managed to comeback above the 200 Day SMA.
- Last chart shows the Bullish falling wedge pattern with immediate target of 20 Day SMA which may also coincide with the falling resistance line shown in first chart. For a big up move price must close above 20 SMA and the falling resistance line.
LARSEN & TOUBRO intraday update
- LT Moving towards crucial support level of 1307.
- Price has violated a crucial rising support line in weekly chart.
- Breaking below 1307 price could test the Golden ratio at 1256 levels.
- Taking support at 1307 may lead to a bounce towards 1400 again.
- SBI HEAD AND SHOULDERS PATTERN
APPLE Chart update
- APPLE Daily chart unable to enter the cloud. Price shows weakness near the cloud.
- Daily chart has gone back below 50 Day SMA. Hourly chart is also trading below 50 Hour sma..
- Daily close below 50 Day SMA may extend gains for Apple bears.
- FACEBOOK FALLING WEDGE PATTERN
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