June 12, 2011

AAPL Hits the Weekly trend line

  • AAPL has closed exactly at the weekly trend line.
  • Further weakness on this stock will be seen only if the trend line and the range gets broken. 
  • Next chart shows price trading at the lower end of the range. 320 is an important level for bulls to defend.
  • Weekly chart has a bearish engulfing and shooting star candles . But for weakness to continue price should break this trading range on the downside.
  • SPY WEEKEND UPDATE

No comments:

Post a Comment