December 3, 2010

APPLE Chart analysis

  • First chart shows price in a consolidation pattern trading near support and resistance line. Price shall give good direction in either direction soon.
  • Second chart shows price trading above 20 DMA. Staying above 20 DMA will favor the bulls.
  • Third chart is the weekly chart shown with the trend line and the resistance line. Price staying above this trend line will increase the chance of an upside breakout.

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