March 31, 2012

APPLE Weekend update

  • Apple weekly chart is showing bearish candles.
  • Daily chart is also correcting from a bearish candle. But price is yet to test the all important 20 Day SMA for a bigger fall price has to stay below 20 Day SMA.
  • Last chart which is the daily time frame shows Big negative divergence between price and MACD Histogram. MACD signal lines too has given a sell. Now for bears of apple price need to close below 20 day sma for a bigger correction to unfold.

1 comment:

  1. Nice. Apple deserves its own box all the time during trading hours now.