October 5, 2011

APPLE Near 200 SMA

CHART-II (UPDATED)
  • Price went down till the 200 SMA and started to reverse.
CHART-I
  • Price having broken 50 SMA is moving towards 200 SMA.
  • Trend line in weekly chart looks good for bulls despite this correction.
  • In the short term price momentum is with bears. 350 levels is good support area.

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