My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
October 30, 2013
SILVER Violates 200 Day SMA
- Silver one hour chart shows price trying to breakout of a range.
- Daily chart shows price above 200 Day SMA. Silver bulls need a daily close above 200 SMA to confirm bullishness.
- DOW JONES TRIPLE TOP AND DOUBLE BOTTOM
CISCO Chart update
- Cisco daily chart shows price near the resistance line and 200 Day SMA. Closing above these levels may start an up move for cisco.
- Weekly chart shows price trying to take support at the rising trend line.
- DOW JONES TRIPLE TOP AND DOUBLE BOTTOM
APPLE Analysis after closing bell
- APPLE Daily chart shows a Bearish engulfing pattern.
- Weekly chart is testing 100 Week SMA A close below this line may confirm the bearish engulfing pattern shown in daily chart.
- Monthly chart too is getting resisted at 20 Month SMA. Unable to close the month above this line may result in a correction.
- DOW JONES TRIPLE TOP AND DOUBLE BOTTOM
Dow Jones Analysis after closing bell
- Dow Jones has entered the crucial resistance area.
- Bearish View shows a possible Triple top pattern with indicator entering overbought zone, Problem here for bears is that the indicator is yet to exhaust So it should be a sudden reversal here, If price starts to hang around here it should lead to more upsides.
- Bullish view shows a 1000 Points Double Bottom pattern which is yet to confirm. Closing above this resistance zone may confirm this pattern.
- TESLA Weekly Chart analysis
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