Stock Market Chart Analysis
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
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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