June 29, 2013

BLACKBERRY Weekend update

  • Price closed below 200 Day SMA. Price may attempt a partial filling of the GAP which is likely to end at or near 200 Day SMA.
  • Weekly chart closed below the cloud which is negative the long term trend for the stock.
  • Weekly chart also shows  a triangle breakdown which is likely to take price towards 7.29 levels in the medium term.

FACEBOOK chart analysis

  • Facebook daily and One hour chart shows price nearing resistance level at 25.
  • Price also near 38.2% Fib level.
  • Bulls of FB need a close above these levels for a bigger up move to happen.