May 11, 2013
- 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.