August 15, 2013
- Apple daily chart fades the remaining portion of an earlier GAP. Daily chart has given a Doji candle.
- Weekly chart shows overbought indicator with price testing 100 Week SMA. If price starts to trade above 100 Week SMA Then the Indicator will stay oversold which the up move continues.
- Last chart shows Price at 38.2% which is a crucial fib resistance level.
- CITIGROUP Cup and Handle Pattern
- Daily chart of Citigroup shows a Cup and Handle pattern.
- Stock is in an up trend as can be seen in chart 2.
- Crucial support for Citigroup is at 50 Day SMA. The bullish pattern will become weak once price falls below this level.
- PIN BAR OF CATERPILLAR