APPLE in a range

• First chart shows apple weekly chart with 20 week moving average.
• Price dipping below the 20 week moving average has not given big gains for bears. Stock managed to come back above this moving average quickly.
• Last time Apple went below 20 week moving average it managed to break above 279 to give a long trade. This time too if stock manages to break the resistance level we will see price moving higher.
• Price is also trading in a broad range from 326 to 363 level shown in line chart. The same range is shown in weekly chart too and there the stochastic has given a buy signal which can give an up move to the stock.
• Price falling below 20 week moving average will be negative in the short term.
• SPY TARGET FOR THE CURRENT UP MOVE