October 20, 2012

APPLE Monthly Pin Bar an Update

  • Apple's Monthly Pin Bar continue to look good with the current months Price action. If the close of this month is near current levels or Lower it should form  a  Perfect reversal setup in monthly chart.
  • Week has closed below Middle Bollinger band  and could extend the move towards lower Bollinger band.
  • Daily too looks good for bears with price closing below 100 Day SMA. If price sustains below this level apple could move towards its 200 Day SMA which is currently at 582 levels.

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