February 22, 2014

QQQ Broadening pattern and Weekly Doji

  • QQQ daily chart shows price at the resistance line of the broadening pattern.
  • Weekly chart shows a bearish doji at the weekly upper bollinger band. Doji pattern needs confirmation with a negative weekly candle.
  • Bearish setup may work well only if price sustains below 89.31 level.
  • GROUPON Chart Analysis

GROUPON Analysis after Closing bell

  • Groupon Daily chart shows price gap down and closing below 200 Day SMA.
  • Bearish day also gave huge volume spike.
  • Weekly chart too shows price closing below crucial support lines.
  • CRUDE Oil trend update