July 12, 2015

  • Apple has breached the rising support line from 73 levels, But as weekly candle shows price managed to leave a long lower shadow which suggests possible support at this zone.
  • 200 SMA in daily chart is crucial as bulls managed a bounce from this line.  Last chart also shows a range in weekly time frame. Bears need to stay below this range for bigger falls to happen.




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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