January 3, 2016

  • Apple Daily chart has a death cross and if price remains below  SMA bearish will stay stronger.
  • Support zone or neck line for head and shoulders pattern is around 104 levels. 
  • Month chart too shows a sell signal in MACD indicator. Apple bulls will further weaken if price moves below 95 - 100 zone. This zone was previous resistance as shown in monthly chart and can act as strong support zone. 


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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