- Dow Jones Daily chart shows Price below golden ratio and moving towards 78.6% Fib level.
- Second chart shows levels between Golden ratio and 78.6% Fib level which may act as support areas.
- Price in weekly chart is near 100 Week SMA which is near 12400 levels.
- APPLE CHART ANALYSIS
November 15, 2012
- Facebook moved up yesterday with good volumes.
- Daily chart is nearing the crucial resistance level of 100 Day SMA. Last time stock was corrected from this level.
- Daily chart also shows price in a consolidation range between 17 and 24. The GAP between 25.54 and 26.73 will act as stiff resistance if 100 SMA is crossed on closing basis.
- S&P 500 ANALYSIS AFTER CLOSING BELL