May 25, 2013

APPLE in a Diamond pattern

  • Diamond patterns can go both ways. In this case since the pattern has come after a big down move bulls can expect a Diamond bottom.
  • If the overhead resistance levels of 100 Day SMA and 20 Week SMA acts strong then this will be a continuation pattern which will help bears to extend the major trend of the stock.
  • We may see a decisive breakout/breakdown in the coming week. Weakness below 434 levels and Strength above 453 level.

No comments:

Post a Comment