March 24, 2013

CISCO Weekend update

  • CISCO Weekly chart shows a possible bearish candlestick set up.
  • Immediate weekly support at 20.4  -  20.50 and the rising weekly 20 SMA.
  • Daily chart has broken below 50 Day SMA and Testing 23.6% Fib level. Trading below 20.4 may take price towards 38.2% Fib level and lower.

BLACKBERRY Weekend update

  • Weekly chart selling off from 100 Week SMA. Weekly candle looks like a bearish pin bar candle.
  • Daily chart too has given a bearish engulfing pattern. 
  • Now hope for bulls is to hold above 50% Fib level and 50 Day SMA. Breaking these two levels on closing basis will extend the fall.

FORD Motor Weekend update

  • Ford motor is getting resisted at the Golden ratio in daily time frame.
  • Daily chart has a bullish inverted head and shoulders pattern.
  • Crucial levels in weekly to hold for bulls is 13.05. Rising 20 week SMA too is a crucial support level. Strength above 13.47 levels.

APPLE Weekend update

  • Price closed above 5 Week High EMA after many weeks. 
  • Weekly MACD is looking Good for a buy signal. Price may move towards 100 Week SMA AT 489. Fib levels shows 23.6% Fib level at 486.