September 26, 2012

APPLE Right angled broadening triangle


 
  • Apple closed the day below an up trend line.
  • Price also closed below 20 Day SMA. If price sustains below 20 SMA it should target the lower bollinger band.
  • One hour chart shows a broadening formation which may give 655 levels for Apple bears.
  • SPX ANALYSIS AFTER CLOSE

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