December 31, 2014

APPLE Chart analysis

  • Apple is likely to remain in a Fibonacci range. Mostly stocks tend to range between 61.8% and 38.2% before a big move happens.
  • Weekly chart shows price still in an up trend. Good buying opportunity may come if price test the up trend line again.
  • Immediate resistance at 114. Support levels are 50 Day SMA and 111 level.



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