December 18, 2012

APPLE Bullish Engulfing

 
 
  • Apple daily chart shows a bullish engulfing pattern at crucial support levels.
  • Monthly chart hits the 20 Month SMA If price stays above this level we may see a good bounce. 
  • Weekly chart shows price near the base of weekly Ichimoku cloud which is a good place for a bounce. Bears need a weekly close below the cloud for a bigger down move.
  • S&P 500 ANALYSIS AFTER CLOSE
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