- Weekly stochastic has given a sell signal.
- Week has also given a bearish engulfing pattern.
- Next crucial support level in weekly chart is at 774. Before reaching there bears must close below the daily 50 Day SMA.
- BLACKBERRY WEEKEND UPDATE
- APPLE WEEKEND UPDATE
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- Blackberry daily chart shows a contracting triangle pattern.
- Weekly charts shows the levels which bulls and bears must cross for bigger moves.
- Bears must close the week below 20 Week SMA for a bigger fall to happen.
- For bulls the Bearish Pin Bar at 100 Week SMA looks a strong resistance area. Bulls must close above 100 Week SMA for bigger up moves to happen.
- Nifty bounces off 200 Day sma.
- Weekly chart too shows price trying to stay above lower bollinger band. If the up move holds price may move towards middle bollinger band again.
- Immediate resistance levels are shown in the Fib levels.
- SPX Continues to break in favor of bulls.
- No weakness in daily chart as price continues to move up in an ascending channel.
- Last chart shows the next target at Upper Bollinger band 1575. Weakness on if price starts to trade below 20 Day SMA.
- Google Hour falls below 50 and 200 Hour SMA.
- Daily chart is testing 23.6% Fib level and 50 Day SMA.
- An oversold bounce looks likely from the current levels. Daily close below 50 SMA will extend the fall.
- APPLE CHART ANALYSIS
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- Apple hour breaking below 200 Hour SMA.
- Price testing Hourly cloud.
- Sustaining below the cloud and 200 SMA will favor bears to extend the fall.
- ES Testing the selling zone.
- Rising support levels may lead to a breakout in favor of bulls.
- Bears need a close below 100 period SMA for a breakdown in their favor
