May 9, 2013

APPLE Chart update

  • Apple managed to close above 100 Day SMA.
  • Price is testing the cloud top. A daily close above the cloud will confirm further strength to extend this up move.
  • Weekly chart shows Apple bulls well placed with a Weekly MACD buy signal and above 20 Week SMA. Price sustaining above Weekly Middle Bollinger band on closing basis may lead to a larger pullback in Apple.

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