May 23, 2012

Apple in a channel

  • Apple daily getting resisted at 20 Day SMA.
  • Price got resisted at the channel resistance line.
  • Weekly chart shows price sustaining above 20 Week SMA. For a bigger fall price has to close the week below 20 Week SMA. Sustaining above 20 Week SMA shall give a breakout in favor of bulls.
  • S&P 500 MONTHLY CHART
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