- Apple inc's bearish engulfing trade now almost 20 points from top.
- Now it is trading below 50 day moving average. But near an important trend line.
- One should watch the stock carefully how it reacts from this trend line. If it breaks more down sides are possible
- Few day's back suggested bearish engulfing in apple.
- See how effective the pattern is especially when it forms at the top of the trend.
- Now it is Testing the 50 DMA.
- CLICK HERE TO SEE HOW THE CHARTS LOOKED WHEN THE BEARISH ENGULFING FORMED
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