- Doji star of Weekly chart continue to do well for bears. Remember Apple also has a PIN BAR Formation in Monthly chart CHECK This post for the monthly chart of apple.
- Candlestick formations tend to do well in bigger time frames.
- Price has violated 200 SMA But not with great volumes. Apple looks oversold. We may see some more downside possibly towards 550 - 560 zone. Stock may give an oversold bounce from this zone.
- SPY ANALYSIS AFTER CLOSING BELL
November 3, 2012
All the contents of niftychartsandpatterns are for educational purposes only and are not Investment Advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures. Niftychartsandpatterns shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial or investment adviser before acting on any of the Ideas in this blog.