INTEL CORPORATION moving in a range bound zone, sharp movement expecting once it comes out from its pattern.

INTEL CORPORATION

• Stock currently finding 100 DMA support, technical indicates that as long as stock holds above 100 DMA bulls will be favored but once it starts trading below 100 DMA then stock will be favored by bears.
• Chart also indicates that Intel is moving in a range bound zone, sharp movement expecting once stock comes out from its formation.
• Upper side stock will find strong resistance 37.90 and will find support around 35.26 as shown in above image.

MICROSOFT CORPORATION moving in down channel, Will favor bulls once it comes our from its pattern.

MICROSOFT CORPORATION

• Stock currently moving up and holding above 200 DMA this indicates as long as stock holds above bulls will be favored.
• Currently Microsoft moving in a down channel pattern, sharp movement expecting once stock comes out from its pattern.
• Technical indicates that on upper side Microsoft will find strong trend line resistance around 47.91, 49.05 and 50.05, further price rise can be seen once stock close and holds above its trend line resistance.
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DOW JONES has formed triangle formation in daily chart, sharp movement expecting once it comes out from its pattern.

DOW JONES INDUSTRIAL AVERAGE

• Index is moving up and holding above 200 DMA , this indicates as long as it holds above bulls will be favored.
• Dow Jones Industrial Average has formed triangle formation in daily chart this indicates sharp movement expecting once it comes out from its pattern.
• On upper side Index will find trend line resistance around 17840, 17916 and 18103 once it closes and holds above its trend line resistance then further price rise can be seen in coming days. Close Watch.

AUSTRALIA ALL ORDINARIES Index heading to test its strong trend line resistance around 5523.

AUSTRALIA ALL ORDINARIES

• Index moving up from golden ratio support zone, and Index recently closed above its recent top. This indicates bulls will be favored.
• On upper side close watch All Ordinaries Index will find strong trend line resistance around 5523, once index closes and holds above 5523 then further price rise can be seen in coming days. But if fails to holds above 5523 then Index can see some correction in coming days. Close Watch.