November 2, 2010

APPLE breaks the down trend line

  • Apple has broken the down trend line in four hour chart.
  • Stock also took support near the 50 moving average in four hour chart.
  • 311, 314 and 318 will act as resistance levels for the stock on its way up.
  • Retrace towards the broken trend line is possible.
  • Any price action below the trend line and the moving average shown in chart will be negative for the stock.
  • MSFT above 200 DMA

No comments:

Post a Comment