- Apple weekly chart shows the bullish trend with the up trend line. No weakness yet in weekly chart.
- The two dips below the cloud did not last long and was followed by good up moves.
- Price for now is trading between 23.6% and The golden ratio. Bulls can extend the up move if price moves beyond 23.6% Fib level.
- Trend turning level could be the Golden ratio. Bears need to take price below this level for confirming weakness.
- BANK OF AMERICA WEEKEND UPDATE
January 11, 2015
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.