May 7, 2014

AMAZON Death cross and support level

  • Daily chart shows death cross for amazon with 50 SMA crossing below 200 SMA.
  • Weekly chart shows price nearing crucial support zone.
  • Break of the rising support line of weekly time frame looks bad for bulls of amazon

GOLD Resistance levels update

  • Daily candle of gold is showing weakness at crucial resistance zone. One has to wait for the daily cloud to close lower to confirm weakness.