December 6, 2012

APPLE - The Death Cross

  • Apple daily chart Waiting for the death cross. Previous Death cross happened in 2008 when the stock was trading near 140 levels followed by a sell off which took the stock below 100 levels. Then the last major cross happened in 2009 which was the Golden cross when the stock was trading near 120 levels which was followed by the golden period for the Apple Bulls.
  • Now these crosses can go both ways. If the recent low of 505 gets broken we may see a big sell of in apple. If the this level holds it may result in a false death cross followed by a big up move.

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