novvoll12

novvoll12

FXI rallied strongly to post a 7-year high at 52.56 (April 16, 2015) near the 61.8% retracement of the 73.11/19.35 fall, before consolidating. The Technical indicators remains positive (on all time frames), reinforcing the bullish price action. Immediate support lies at 47.88 (21 day moving average, not shown on chart). Below rests 44.96 (April 1, 2015 low, near...

novvoll12

SPY gapped down last Friday (April 17, 2015) to retrace near 61.8% of the 204.12/211.04 rise. Technical indicators remains neutral, reinforcing the range bound price action. The 205.21/204.12 range support zone should hold dips. Renewed strength back above the 209.23 gap resistance (April 17. 2015 high) would offer scope for a retest of the 211.04/211.27 range...

novvoll12

BIDU $205.84: Tests 9-week range low; bearish technical indicators caution for downside BIDU has been consolidating within the 9-week 202.20-220.75 range near the 55 day moving average. Bearish technical indicators suggest there is scope for further downside. A break below the 202.20 range support would confirm a lower high at 220.75 (April 6, 2015) and extend...

novvoll12

AAPL has been consolidating over the last 8 weeks under the 133.60 record high (February 23, 2015). With the bearish MACD cross on the weekly chart, there is scope for further downside. A break below the 121.63 low (March 9, 2015) would extend the correction towards the 12-month rising trendline currently at 118.00 which is also near the equality target at 117.28...

novvoll12

FB rallies strongly after breaking though a 3-month range to open 90.63 (range breakout target) next.

novvoll12

TAN extended the strong rally off the 31.77 low (January 20, 2015) to break above a 12-month falling channel (from March 2014 high), completing a bullish flag pattern on the monthly chart and triggering further gains towards 51.07 (March 7, 2015 high). Clearance above there would confirm a higher base and accelerate the uptrend towards 53.00 (50% retracement of...

novvoll12

XLU rallied off the 43.02/43.09 minor double bottom to reach 45.63 (March 19. 2015 high) before consolidating. As the indicators are mixed, XLU is expected to remain range-bound near term. Clearing the 45.63 range resistance is needed to turn bullish and confirm basing for a move towards 46.59 initially. Back below 44.02 (March 18, 2015 low) would signal a retest...

novvoll12

BIDU rallied off the 202.20 low (March18, 2015, above the 199.70 spike low (February 13, 2015)) back above the 200 day moving average (currently at 209.24) to test the 217.85 5-week range high (March 6, 2015). Bullish MACD suggests further upside remains favored. Clearing the latter would confirm a double bottom at 202.20 (as shown on the daily chart) and trigger...

novvoll12

IBM rebounded off the 153.40 low (March 13, 2015) through February’s 162.49 high to confirm a higher base over the former and trigger further strength towards 165.59 (October 31, 2014 range high) ahead of last October’s 170.33 gap low (October 20, 2014 high) near the 200 day moving average currently at 169.53. 160.35/158.81 (March 20/19, 2015 lows) serves as the...