January 29, 2014

FORD Death cross and support levels

  • Ford Daily chart is nearing a Death cross. 
  • Weekly chart is testing 50 Week SMA and a crucial support zone between 15.10 and 15.30. Death cross will perform well if the above mentioned levels gets broken on closing basis.
  • YAHOO Chart Analysis

YAHOO Chart analysis

  • Weekly MACD Bearish cross looks good for Bears of Yahoo. MACD histogram and price also shows negative divergence. But price has to trade below 20 Week SMA for a bigger down move to happen.
  • Daily chart shows price getting support at the cloud. Price must close below the cloud for a bigger correction.
  • Price staying below 50 Day SMA will favor bears of yahoo.
  • FACEBOOK Chart update

ES Chart update

  • ES Daily chart shows previous resistance line acting as support so far.
  • 38.2% Fib level too has given support. One can add the 100 Day SMA to there as well which makes this a crucial support zone.
  • Hour chart shows price unable to stay above the hourly cloud.
  • Bank of America Trend update

GLD Resistance levels

  • GLD Weekly chart shows price near falling resistance line.
  • Daily chart shows price testing resistance zone between 121.82 - 122.83.
  • Last chart shows price near Middle Bollinger band. GLD Bears need a negative candle at 20 Week SMA for a bigger downfall to happen.

APPLE Analysis after closing bell

  • Apple Gap's down and closed the day below 100 Day SMA. Sustaining below 100 SMA may target 200 day SMA in the coming day's.
  • Weekly chart has fallen below 20 Week SMA. Weekly chart also shows a bearish MACD cross.
  • Last charts shows weekly Top's. For the current breakdown price is likely o test 50 Week SMA.