- Silver violates the daily support zone at 20.42 - 20.54. Bears need a daily close below this level to confirm breakdown.
- Second chart shows the triangle breakdown of silver extending the fall. Close below the above mentioned zone may target 19.09 and 18.14 levels.
- Price found support at 50 Day SMA. Price may target the 20 Day SMA for this bounce.
- One has to look for weakness near golden ratio which is around 6200 levels. Sustaining above the 6200 may retest the all time high again.
- For nifty bulls today's gap up should close near the high's to confirm strength.
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- Weekly chart shows price closing above the sloping resistance line.
- Chart 2 and 3 shows price approaching resistance levels.
- Crucial support around 14.65 levels. current trend will gain more strength on closing above 15.28 levels.
- GROUPON Weekend update
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- Daily chart is showing weakness at 50 Day sma and Daily cloud. Groupon bulls need a cloud breakout to sustain this up move.
- Weekly chart closing looks bullish as price closed above 20 Week SMA. Bullish hammer continues to work well for Groupon bulls.
- EURUSD Likely to move towards 1.3549 levels or closer to the broken 50 Day SMA again.
- Rising support levels shown in 2nd chart is likely to give a breakout towards 1.3549 levels.
- Immediate resistance for Facebook at 20 Day SMA. Second chart shows price forming the right shoulder of a possible head and shoulders pattern. For a bigger down move price has to close the week below 23.6% Fib level shown in chart 3.
- BANK Of America chart update
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- Bank of America daily chart shows the breakout and bullish close above the resistance line. Weekly chart shows immediate hurdle at 15.03 levels.
- Weekly chart shows price sustaining above golden ratio and a possible resistance at 15.31 levels. Closing above this level should lead to a bigger move towards 78.6% Fib level at 16.
- BANK Of America Weekend update
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