December 31, 2013

QQQ Chart update

  • First chart shows bearish engulfing pattern in daily chart. First pattern shown in the chart did not do well. Current Bearish engulfing pattern may do well only if price starts to trade below the GAP in daily chart.
  • There is also a possibility of a broadening pattern which will look good once price starts to trade below 86.68 on closing basis.
  • Daily chart shows negative divergence price yet to confirm any weakness though.
  • FACEBOOK Chart update

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