The India Fund (IFN): Technical Analysis

The above chart is a 3 year chart. As you can see, IFN is holding the long term uptrend line as support while maintaining the downtrend line as resistance. IFN is and has been under consolidation for sometime now. If we were to consider the MACD divergence, it indicates that the possibility for IFN moving higher. Keep this on your watchlist.

Gold ETF (GLD): Chart Analysis

This is a 1 yr (weekly) chart of Gold ETF (GLD). As you can see, GLD has cleared its downtrend (Red line) and subsequently found support at the rising trendline (Blue line) which also coincides with the 50 SMA. The break above the downtrendline also appears to be a break above an inverted head and shoulder pattern.

The volume seems to indicate that the price will move higher in the next few weeks. A good entry point will be in the range of $65-$66. Good Luck.

Daystar Technologies (DSTI)

In my March 15 post on DSTI, I had mentioned that this is due for consolidation but positioned to rise on a long run. After meeting with resistance at $5.50 and consolidating for a few weeks now, it is currently trading at $4.30. As you can see in the chart above, it is testing the uptrend line and downtrend line for support. As mentioned in my earlier post, I think this area provides a good entry point. If volume was an indication, the price will soon follow suit.