DAILY CHART
HOURLY CHART
- Apple hour and daily chart shown here
- daily chart shown with bearish engulfing formed on monday.
- Now in hour chart price is nearing the 50 Hour SMA.
- It can do two things. First is 50 hour sma giving support for a small rally.
- My personal view is a break of the 50 hour sma mainly due to the bearish engulfing formed on the daily chart.
- An hourly close below 269 and 50 hour SMA will be negative for the short term.
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