June 23, 2011

APPLE Channel and 200 DMA

  • AAPL fell below 200 DMA and is trying to break above it again.
  • Usually when price retraces towards a broken Moving average it faces selling pressure.
  • 330 area will be tough for bulls to cross on closing basis. If they manage to make a positive closing then price may move towards the top of the channel shown in 2nd chart.
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1 comment:

  1. StockJune 23, 2011 at 4:15 AM

    I posted a Boatload of good stuff, could be a critical break already.
    The important moves come at night so Joe six pack cant participate.

    http://oahutrading.blogspot.com/

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