April 18, 2013

APPLE Trend update

  • Apple monthly chart shows a continues down move towards Monthly Lower Bollinger band. If the trend in daily chart does not get weak price should target the levels mentioned in monthly chart.
  • Daily chart is trending down below the Ichimoku cloud. Trend in daily time frame will become weak on trading above the cloud. Price getting resisted at the cloud will result in further breakdowns. 
  • Daily chart shows a head and shoulders breakdown. The neck line of 419 will act as immediate resistance for any up moves.
  • APPLE INSIDE DAY FORMATION
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