December 25, 2011

  • Apple is approaching resistance levels.
  • Recent Attempts to stay above this resistance level has failed.
  • Now there is a GAP between 409 - 415 level which might act as resistance.
  • Even if price manage to get above this level the developing negative Divergence will make it difficult for bulls to survive at higher levels.
  • Long term trend of Apple is still up which might change the above view.


All the contents of niftychartsandpatterns are for educational purposes only and are not Investment Advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures. Niftychartsandpatterns shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial or investment adviser before acting on any of the Ideas in this blog.


Blog Archive

Powered by Blogger.

My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore