TATA MOTORS Target Line

• TATA MOTORS Weekly chart shown with possible Target or Resistance line.
• Weekly MACD continues to remain strong which should take the stock above 345 - 350 levels before a major correction.
• Up trend in daily chart will be safe above 20 Day SMA.

BANK of America Chart update

 

 

• Bank of America Weekly chart shows price trading below 200 Week SMA.
• Daily chart shows price testing 20 day SMA.
• Last chart shows weakness at 50% Fib level.
• Weekly and daily close below 200 Week SMA and 20 Day SMA will favor bears of BAC.
• For bulls price need to trade above 200 Week SMA and 50% Fib level

SILVER Support levels

 

• SILVER Daily chart shows price trying to take support at the Golden ratio
• Weekly chart shows price testing Lower Bollinger band.
• Last chart shows price holding above weekly up trend line. If the above mentioned are to be held a bigger up move looks possible in Silver.

McDonalds Resistance levels

 

• McDonalds weekly chart near 50 Week SMA.
• Weekly chart is also approaching its resistance line from 102 levels.
• Weakness at resistance line may give a sell signal.

SLV Chart update

 

 

• SLV Daily chart shows MACD Buy signal.
• Price need to stay above 20 Day SMA for an up move to happen
• For a bigger up move Price need to stay above 50 Week SMA.

GLD Chart Analysis

• GLD Bulls trying to hold above its 100 Week SMA.
• GLD Weekly stochastic is oversold Which will help bulls only if price is able to sustain above 100 Week SMA.
• Last chart shows price near a crucial support resistance level (156.9 - 158)

YAHOO Chart analysis

• Yahoo daily chart shows support near 19.20 levels.
• Weekly charts previous resistance levels may also act as support level for the stock.
• For the very short term price sustaining above 20 SMA will favor bulls of Yahoo.