- First chart shows price tying to take support at a short term trend line
- The two gaps discussed during earlier GAP's has given support so far. First GAP is faded and only the GAP between 5919 - 5935 remains.
- The resistance level of the range is now trying to act as support.
- 5 Day High EMA is acting as resistance. 5 Day Low EMA as support level. Need a daily close beyond these levels for a bigger move to take place.
- RCOM CHART ANALYSIS
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- Weekly charts shows price trying to break above the weekly cloud and trying to stay above multiple resistance lines
- Daily charts shows two golden crosses. First one did not perform well and ended up as a Head and Shoulders breakdown. This time too there are similar opportunities for bears. But for now its good to stay with the short term trend which is up. One has to look for divergences and price weakness in daily chart and have proper trailing stop losses for longs.
- RCOM LIVE 5 MINUTES CHART WITH AUTO REFRESH
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- Crude Oil resistance near 50 Week SMA and the daily chart with fib level shows bulls struggling near golden ratio.
- Price near the resistance line of the contraction pattern. We may see weakness from the resistance line to keep price within this pattern for some more time. A bigger move could come only on a decisive breakout on a weekly closing basis.
- FACEBOOK INTRADAY UPDATE
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- FACEBOOK Falls to its previous resistance level which may act as support.
- Hour chart also near 20 Hour SMA which may stop a bigger fall.
- Holding on to the above levels price may try new high's soon. Closing below 28.57 will favor bears of FACEBOOK.
- ES breaks below the cloud and Range.
- If the fall extends price could test the 200 Hour SMA.
- APPLE CHART UPDATE
- Price continues to trade inside the weekly cloud. Breakdown below 500 could start the slide. For bulls need a close above 555 for a bigger up move to happen.
- Daily chart shows 50 day SMA and daily cloud as crucial resistance levels.
- Last chart shows a support zone just above Golden ratio. If this support zone gets broken Golden ratio too may not hold and the stock could slide to much lower levels. Price holding above Golden ratio could start a bigger up move.
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FACEBOOK CHART UPDATE
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- First chart shows price closing above immediate resistance levels.
- Weekly chart shows next Fibonacci levels as target.
- Last chart is daily line chart which shows possible resistance zone between 30.77 and 31.
- FACEBOOK BULL FLAG
