October 30, 2017

APPLE Weekly chart Analysis

  • Apple Week moved up last week But price is trading close to a crucial resistance line as shown in chart 1.
  • The current up move which is likely to extend further will complete a Triple negative divergence in Weekly chart.
  • Bears must stay cautions as the weekly higher high and low is yet to be broken. Topping pattern can only be confirmed on price making a lower low. Weakness in weekly chart only on falling below 155 and 149 levels.

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