February 9, 2013

APPLE Weekend update

  • For apple bulls Immediate resistance level at 100 Week SMA(482) shown in 2nd chart.
  • First chart is the daily time frame which shows the falling resistance line from 704 level.
  • Last chart the weekly time frame with price and MACD histogram showing positive divergence But this up move may hit resistance at the weekly cloud.
  • In short this is going to be a small pullback for apple bulls.

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