November 27, 2011

APPLE Weekend Update

  • APPLE Daily is near 200 SMA
  • Indicators in daily chart is showing oversold readings.
  • Price is yet to confirm a reversal. Last chart shows a falling wedge like pattern which should help bulls if price breaks and closes above the upper trend line.
  • Price sustaining below 200 SMA and breaking below the weekly trend line will be negative for apple.
  • SPX WEEKEND UPDATE

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