December 29, 2011

APPLE Bearish Engulfing

  • Apple is showing a bearish engulfing pattern near resistance levels.
  • Bulls has to cross 409 - 415 level which is acting as resistance now.
  • There is a gap between 409 - 415 may extend the current up move in apple. If bearish engulfing is effective we may see a correction in apple towards the support line shown in second chart.
  • S&P 500 ANALYSIS AFTER CLOSING BELL

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