UPDATED CHART
- Triangle shown below has given a breakdown.
- The corrective up move shown in the last chart seems to have finished. Next support near 1435 - 1445 if not held price may retest the lows.
- Gold one hour shows a triangle shaped contraction. False moves are possible from the pattern.
- Price sustaining above 100 Hour SMA should give an upper breakout. Hourly close below this level will weaken the up trend of this time frame.
- 4 Hour chart continues to look like a corrective up move.
- GOLD WEEKLY CHART UPDATE
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- Apple managed to close above 50 Day SMA with a bullish candle.
- Price is testing daily ichimoku cloud which has acted as stiff resistance so far. But for now daily candle is yet to show any weakness.
- If the cloud does not stop the bulls price is likely to extend this up move towards 100 Day SMA as its initial target.
- BLACKBERRY CHART ANALYSIS
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- Facebook trading above the falling resistance line of 4 Hour time frame. Closing near day High may extend gains towards 28 and above.
- Price is testing 100 Day SMA. FB bulls need a close above this line to extend the up move.
- Last chart shows price trying to close above 38.2% Fib level. Closing above it may extend gains towards 50% Fib level and above in the short term.
- BLACKBERRY CHART ANALYSIS
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GOLD WEEKLY CHART
ONE HOUR CHART
- Gold weekly chart back above 200 Week SMA.
- If the up move continues the broken support level of weekly chart 1522 - 1531 will act as stiff resistance level.
- One hour chart shows price above 100 Hour SMA. Up move is safe till it holds 100 Hour SMA. Closing above 1485 may take price back above 1500 levels.
- BLACKBERRY CHART ANALYSIS
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- Crude oil four hour chart shows price correction from 78.6% Fib level.
- If the fall is not large price may form an inverted head and shoulders pattern.
- One hour chart shows crucial levels to hold to avoid a bigger fall.
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APPLE CHART UPDATE
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- Blackberry daily chart shows price trying to breakout of a triangle pattern.
- Weekly chart shows price trying to stay above 100 Week SMA after a long GAP. Bulls of Blackberry need a weekly close above this line to confirm bullishness.
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APPLE CHART UPDATE
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- Apple weekly candle is testing 5 Week High EMA. Price has failed to sustain above this level resulting in strong down trend. Now Weekly MACD is showing positive Divergence for divergence to work price must sustain above this level on weekly closing basis.
- Up move will be tough to extend with the presence of resistance levels in daily chart like the 50 Day SMA and the Daily Ichimoku cloud.
- Any Weakness near the daily cloud means the Divergence has to wait some more weeks to start performing.
- APPLE CHART UPDATE
