October 2, 2013

APPLE Chart analysis

  • Apple Daily chart moving up from 50 Day SMA.
  • Daily chart shows a Golden cross. Price must sustain above 50 and 200 Day SMA for the bullish cross to perform well. 
  • Daily cloud is acting as good support. Immediate resistance at 496.91. Price sustaining above the cloud may lead to a breakout above the resistance levels. Weakness on price closing below 50 Day SMA. 
  • GOLD Breakdown and Support levels

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