- Bullish MACD Cross of Weekly chart is not getting support from price. Price failed to close convincingly above 20 Week SMA.
- Weekly candle managed to stay above 5 Week High EMA But the candle itself is showing lost momentum of the past two weeks.
- Daily chart shows price struggling at 100 Day SMA. A fall towards 50 Day SMA may trigger a larger fall in Apple.
- Only hope here for apple bulls is the bullish looking Weekly MACD which needs price support in the coming week.
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
May 11, 2013
APPLE Chart analysis
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