September 11, 2013

  • Apple testing crucial support levels
  • FORD Trend update


  • Ford four hour chart shows price testing the recent swing high of 17.66. Bears are hoping for a double top here But the trend in Higher time frames are clearly favoring bulls.
  • A Weekly close above 17.66 may target 18.97 levels in the short term.
  • APPLE Chart update
  • Price managed to close above crucial moving averages.
  • First chart shows a potential resistance line.
  • Weekly chart shows price moving above 20 Week SMA. A weekly close above 20 Week SMA will extend bullishness.

  • Apple daily chart is in  a trading range.
  • Immediate support level at 486 and 23.6% Fib level. Below 23.6% price may test the 461-463 zone which is the 200 and 50 day SMA'S.  


All the contents of niftychartsandpatterns are for educational purposes only and are not Investment Advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures. Niftychartsandpatterns shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial or investment adviser before acting on any of the Ideas in this blog.


Blog Archive

Powered by Blogger.

My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore