- Apple daily chart fades the remaining portion of an earlier GAP. Daily chart has given a Doji candle.
- Weekly chart shows overbought indicator with price testing 100 Week SMA. If price starts to trade above 100 Week SMA Then the Indicator will stay oversold which the up move continues.
- Last chart shows Price at 38.2% which is a crucial fib resistance level.
- CITIGROUP Cup and Handle Pattern
-->
- Daily chart of Citigroup shows a Cup and Handle pattern.
- Stock is in an up trend as can be seen in chart 2.
- Crucial support for Citigroup is at 50 Day SMA. The bullish pattern will become weak once price falls below this level.
- PIN BAR OF CATERPILLAR
-->
- Google has given a breakdown from the triangle pattern
- Daily chart shows price falling towards 100 day sma. Further falls only on price falling below 100 day sma.
- Apple forms a candle above 200 Day SMA after a long GAP. So for now crucial support at 470(200 sma)
- Weekly chart is approaching crucial resistances like 100 Week SMA and 38.2% Fib level at 505 and 507 respectively
- So Bullish above 505 - 507 and Bearish only on price closing back below 200 Day SMA(470)
- PIN BAR OF CATERPILLAR
-->
- Caterpillar daily chart shows a Pin Bar Reversal candle.
- Bearish candle is formed at 200 Day SMA and Upper Bollinger band.
- Bearish on price trading below 86.45. Bullish if price is able to close above 200 Day SMA
- Bank nifty daily chart shows a bullish engulfing pattern.
- Daily chart is also aligning for a MACD Bullish Cross.
- Price must sustain above 5 Day High EMA and 23.6% Fib level for a bigger up move to happen.
- ES 4 Hour chart shows price moving in a range.
- Daily chart shows crucial support levels at 23.6% Fib level and previous price resistance zone between 1662 - 1670 levels which may act as strong support for now.
