- SPY Hour chart with a triangle pattern
- Price approaching the resistance line of the triangle.
- Bears has to protect the resistance line to avoid a bigger up move.
- APPLE CHART ANALYSIS
November 11, 2011
- SBI got resisted at the weekly resistance line.
- Daily chart is showing a High Volume bearish candle.
- Breaking below 1827 will help bears to continue the down move.
- MACD yet to give a sell in daily chart, a sell signal will strengthen bears.
- Weekly and Daily close below 1827 will favor bears for the coming weeks.
- RCOM BEARISH ENGULFING
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