March 9, 2015

Ebay Broadening Pattern and Multi year High's

MONTH CHART
QUARTERLY TIME FRAME
  • Ebay Month chart shows a possible Broadening formation. Resistance line comes around 62 levels.
  • 2nd chart looks super bullish for the stock. Quarterly time frame is testing Multi Year High's. A Month close is needed above 60 levels for this one to sustain.


Facebook chart update

  • Bearish Pin Bar continues to give good results for Facebook bears.
  • Price likely to test the shaded area shown in chart 2.
  • For a larger fall this level must be broken on closing basis.
  • FACEBOOK WEEKEND UPDATE
-->

ES Chart update

  • Immediate support levels which bears need to take out is the 200 Period SMA and 38.2% Fib level.
  • As price has fallen well below the 4 Hour cloud, any bounce towards the cloud may give selling opportunity.
  • SPY FALLS BACK INTO THE DAILY RANGE
-->

Silver 4 Hour chart analysis


  • 4 Hour chart shows silver staying above a possible slopping support line
  • 2nd chart shows price staying below a bearish Descending triangle pattern.
  • If price moves back into the pattern it may target the upper resistance line shown in last chart.
  • EURUSD CHART ANALYSIS
-->


State Bank of India Chart analysis

  • SBI Weekly chart looks week This can get further bad for bulls if Daily does a close below 200 Day SMA.
  • So bulls must protect 200 SMA to avoid bigger falls.
  • EURUSD CHART ANALYSIS
-->