July 23, 2013

SILVER Chart update

  • Silver up move getting paused at 50 Day SMA.
  • 4 Hour chart shows price testing the breakout from an ascending triangle pattern. Price getting back into the pattern will be negative for silver bulls.
  • Daily chart shows price sustaining below the resistance line.
  • NETFLIX Chart analysis

NETFLIX Chart analysis

  • Crucial support for netflix in daily chart is at 235 and 248  which were the previous resistance levels. 
  • Fib levels shows crucial support levels and 20 Day SMA.
  • Weekly chart shows price in a bullish channel. Corrections limited to the support line of the channel may give buying opportunities.
  • McDonalds Chart Analysis

TATA Motors Resistance levels

  • Tata Motors above 50 Day SMA. Price need to break above Golden ratio and the daily cloud on closing basis to extend this up move further.
  • Any weakness at golden ratio will keep the stock inside the range.
  • Strength above 300, Weakness below 293.

McDonalds Chart analysis

  • Sustaining inside the channel will resume the up move in MCD.
  • Breaking the channel support line again may give a fall towards 200 Day SMA.
  • The presence of the GAP and Daily Ichimoku cloud will make the up move tougher. Price sustaining below the cloud will extend losses for bulls of MCD.

CRUDE Oil chart update

  • Crude oil Testing support levels in four hour chart.
  • For a trend change price must trade below the cloud.