May 2, 2012

APPLE Channel and IHNS pattern

  • Apple 15 Minutes continue to move down in a channel.
  • Hour chart shows a possible Inverted head and shoulders pattern. Price need to stay above 50 Hour SMA For this particular pattern to work in favor of bulls.
  • Daily chart continue to test 50 day SMA. Close below 50 SMA May lead to the recent lows again.

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