My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
April 21, 2011
APPLE pauses near 50 DMA
AAPL has reached its 50 day moving average and is taking a pause.
Price is also near an important resistance line in hour chart.
If price is to continue the bullish momentum it should break 50 DMA and the resistance line on closing basis. Getting resisted here will be negative for the bulls.
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