April 20, 2012

APPLE Trend update

  • Apple hour charts looks bearish as it trades below 50 and 200 Hour SMA. Any rise from here will find resistance at these levels.
  • Day chart is trading near 50 Day SMA. If price takes support at this level we may see an up move in apple. For a bigger up move to happen price need to stay above the levels shown in the last two charts.

No comments:

Post a Comment