June 7, 2011

APPLE Bearish engulfing in week and day

  • Apple Daily is falling after the bearish engulfing
  • Weekly chart is also developing a bearish engulfing pattern.
  • Last week candle was a bearish shooting star candle.
  • Price will be under pressure as long as it stays below 20 day moving average.
  • Bigger falls may be seen if week closes below 325 - 327 level.
  • PREVIOUS ANALYSIS ON AAPL

No comments:

Post a Comment