April 18, 2015


  • Apple closed below 50 day SMA
  • Daily chart shows price in a range between 121 - 135
  • Bigger falls or weakness only if price falls below 121 levels.




  • Daily time frame shows another correction from a bearish engulfing pattern.
  • Weekly price action too looks bearish but 20 Week SMA may act as support. Price closed the week at 20 Week SMA.
  • Daily chart is near 100 Day SMA which may act as support. Bigger falls if these two crucial levels fails to act as support.
  • TCS Trend update: CLICK Here
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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