- Google hour chart testing crucial support levels.
- Close below 910 and 23.6% Fib level may extend the fall towards the rising trend line shown in daily time frame.
- Daily chart looks overbought But for a bigger fall needs price to break below the rising trend line. Up move will resume if price sustains above the trend line.
- Apple four hour testing falling resistance line.
- Daily chart is at 50 Day SMA. Unable to close above 50 Day SMA may lead to correction.
- Weakness on price trading below 50 Hour SMA.
- Bank of America Daily chart shows a rising resistance line which may give a pullback for the stock.
- Weakness in daily chart only on price falling below 13.99 levels.
- Weekly chart shows price testing Golden ratio. BAC Bulls need a weekly close above Golden ratio for moving towards 15.28 levels.
- CATERPILLAR BEARISH ENGULFING
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- Caterpillar daily chart shows a bearish engulfing pattern.
- Bearish price action is happening with overbought indicator levels
- But for bears 100 Day SMA at 86 and 50 day SMA at 85.44 are crucial support levels to break. Daily candle trading below these levels will extend the fall.
- IBM CHART ANALYSIS
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- Nifty one hour chart shows price in a range.
- Higher time frame like 4 Hour continues be in up trend. 4 Hour chart shown with 20 and 50 Period SMA shows price yet to close below 20 period SMA.
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- Weekly charts shows price testing crucial support levels.
- 100 Week SMA at 1174 should be held for bulls to avoid a bigger breakdown.
- For the day weakness below 1193 and 1177, Strength above 1236 levels.
- IBM weekly chart is in a range and price near the bottom of the range.
- So tomorrow a daily close above 195 to 198 levels should favor bulls of IBM. On the other hand trading below 191 levels may lead stock towards 188 and lower levels.
- Today price has managed to close above 20 Day SMA. So if price sustains above 194 it may do a triangle breakout in favor of bulls.
- Coca cola daily chart shows price nearing resistance levels.
- Coca Cola Bulls need a daily cloud breakout to extend this pullback.
- Strength on closing above 50 Day SMA. Unable to cross this level means weakness for Coca cola.
- TESLA MOTORS TREND UPDATE
