May 18, 2012

APPLE Chart Analysis

  • Apple bouncing from 100 Day SMA and weekly chart from 20 Week SMA.
  • But the hour chart is not yet showing a complete turnaround in favor of bulls. If price continue to sustain below 50 Hour SMA and the cloud selling might resume. So bulls shall try to breakout and sustain above the hourly cloud for a bigger up move to unfold.

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