Wednesday, January 14, 2015

GPRO & BITA Updates

GPRO: Major support at 49.9 - 48. SL 48


BITA: Looks like 5 waves completed and broke important support level at 68.

Friday, December 26, 2014

BAC_FITB_SDRL Updates


BAC: In a clear 5th wave that started in May 2014 and seems to be forming a nice Ending Diagonal with final "e" wave targeting the earlier highs.

FITB: Seems to be forming a nice Inverted Head & Shoulders pattern targeting recent high of 24. Wait for breakout above 20.72. 

SDRL: Either in a C wave or 3rd wave down. Follow the channels. 

Friday, November 28, 2014

AAPL-AMZN Updates

  • AAPL: Resistances around 120-123 levels. 


  • AMZN: Struggling to close above the trendline. 338-284 is the level for bulls-bears resp.


Monday, November 17, 2014

NOKIA Update


NOK: Good support at 7.7 levels. Long@ 7.7 with SL closing below 7.58. Reverse the trade below 7.58

Sunday, November 9, 2014

Nokia - a year long consoldation



  • Year long consolidation. Wait for a breakout or breakdown of the channel.

Friday, November 7, 2014

SPX Major 5 wave update

  • SPX: In minor 5 of intermediate 1 of Major 5 of Primary 3. Resistances around 2042 for end of intermediate 1 wave.  Long term trendline resistance around 2070. 
  • If intermediate 1 tops around 2040, minor 2 correction targets are around 1930-1905 (50%-61.8% retracement). As per trendlines, 11/07, 11/10 and 11/11 this intermediate 1 should end. Short ONLY after confirmation.
  • 3 gaps left to be filled between 1900 to 2000. 


AAPL_AMZN Updates

AMZN: Technicals have been  week for quite some time now. Weekly close below 284, bears can rule. 284 is a strong previous support/ resistance zone and also the trendline support.


AAPL: Look for $112-113 to go short.