My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
April 7, 2013
APPLE Weekend update
Daily Chart shows price near crucial support and resistance line. A Daily close below 419 will extend gains for Apple bears, Price may fall below 400 levels. For apple bulls need a close above the resistance line with good volumes on Monday which may also make Friday's candle a short term reversal candle.
Second chart shows weekly time frame giving another beautiful bearish cross, 20 Crossing below 100 SMA.
Last chart shows the MACD Histogram and price Diverging positively But MAC Lines are not looking so bullish. Blue is line is moving down from red line which will avoid a bullish cross and more down moves could happen.
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