Facebook chart update

 

• Facebook testing crucial support zone
• Bulls also trying to stay above 50 Day SMA
• More weakness on a daily close below 50 day SMA.
• FACEBOOK WEEKEND UPDATE

-->

CRUDE Oil Testing support zone

• Crude oil testing support zone in four hour time frame.
• If the middle support zone goes price may test the range bottom.
• Crude oil bulls trying to protect 50 day SMA.
• ES CHART UPDATE

-->

ES Chart update

• ES falls below 200 period SMA of 4 Hour time frame.
• Price now is testing 38.2% Fib level. More weakness if price stays below this level.
• Staying below the 4 Hour cloud will give chance for bears as price moves back up towards the cloud.

INFOSYS Chart analysis

• Infosys daily chart shows range breakdown.
• Bulls of Infosys should protect 50 and 100 SMA to avoid a bigger correction. One can see the 100 SMA acting as strong support as shown in 2nd chart. Bears must close below 100 SMA for bigger falls to happen.
• Weekly MACD Looks good for bears. But this set up need the 100 SMA to break. Close below 100 SMA will help the Weekly MACD Bearish setup

Ebay Broadening Pattern and Multi year High's

MONTH CHART

QUARTERLY TIME FRAME

• Ebay Month chart shows a possible Broadening formation. Resistance line comes around 62 levels.
• 2nd chart looks super bullish for the stock. Quarterly time frame is testing Multi Year High's. A Month close is needed above 60 levels for this one to sustain.

Facebook chart update

• Bearish Pin Bar continues to give good results for Facebook bears.
• Price likely to test the shaded area shown in chart 2.
• For a larger fall this level must be broken on closing basis.
• FACEBOOK WEEKEND UPDATE

-->

ES Chart update

• Immediate support levels which bears need to take out is the 200 Period SMA and 38.2% Fib level.
• As price has fallen well below the 4 Hour cloud, any bounce towards the cloud may give selling opportunity.
• SPY FALLS BACK INTO THE DAILY RANGE

-->