August 15, 2012

Pin Bar of APPLE

  • Apple daily chart shows a Pin Bar reversal candle. It's strong reversal candle but price need to open below 630 and has to give another bearish daily candle.
  • Weekly chart is not showing any weakness yet. Trading above 634 and 644 will continue to favor bulls.
  • RSI of weekly chart is starting to diverge this will be effective if price is unable to trade above 644 levels. Price trading above 644 levels will be negative for bears of APPLE.

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