Saturday, March 22, 2014

GRPN, BAC, TWTR Charts

  1. Wait for traingle pattern to get resolved.
  2. Close below 8.12, bears rule again.


  1. TWTR - consistently closing below 5D LEMA and got resisted at 5D HEMA many times. Just follow the pattern...with proper SL.
  2. Breakdown from the channel, next support at crucial Fibo level 46.5


  1. BAC - 18.3 to 18.5 is the resistance. 




Friday, March 21, 2014

TSLA - Completing iv of 5 and waiting for final v of 5.


  1. Typically 4th waves break-down (not a rule always) from the trendline and moves back into the channel for a final 5th move burst. 
  2. Go long on day close above 243.


Wednesday, March 19, 2014

Apple Update

5 Week High EMA @ 538. Bulls need a weekly close above 5 Week HEMA and then a close above trendline.






Wednesday, March 5, 2014

AAPL Traingle Pattern

Medium Term: abcde Triangle pattern 2


Long Term: Triangle pattern 



Shorterm: Ascending Triangle Pattern 
Breakout: Target of 544/ 545 on day close above 533, BUT 100 DMA@537 is the resistance.
Breakdown: close below the trendline support.