November 2, 2013

Shooting Star of INTEL

  • Intel weekly chart shows bearish shooting start candle. Shooting start is seen at the weekly upper bollinger band.
  • Daily chart shows overbought rsi turning down with negative divergence. Bearish on price trading below 24.22 and 24.08 levels.
  • FACEBOOK Weekend update

FACEBOOK Weekend update

  • Facebook daily chart shows support at lower Bollinger Band and 50 Day SMA. Daily candle failed to close above 20 SMA and may resume correction again towards 50 SMA
  • Weekly Chart shows price unable to close the week below 23.6% Fib level. Weekly trend will turn weak only on closing below 23.6% Fib level at 47.23.