May 14, 2013

APPLE Chart analysis

  • Apple Hour chart shows a bearish cross with 20 and 50 Hour SMA.
  • Hour time frame will extend gains for bears if price falls below 100 Hour SMA. For now 100 Hour SMA is acting as support level.
  • Crucial support is shown in daily time frame. Confluence of support at 50 day SMA and 38.2% fib level.

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