December 8, 2010

Bearish engulfing in APPLE

  • Apple Daily chart is showing bearish engulfing.
  • Stock is also getting resisted by a trend line as shown in second chart.
  • Effects of bearish engulfing can be seen only if the trend lines shown in second chart is broken.
  • 300 is a good support area for the stock.
  • S&P 500 ANALYSIS AFTER CLOSING BELL

3 comments:

  1. Dear San Bhai

    I am learning a lot from blog.
    Thanks for knowledge sharing and your selfless hard work behind simple looking charts yet effective.

    Bhai could you please tell me how to arrive at the nifty closing value. We often see the difference between closing price and last traded price of nifty. Why?
    Is there any way by which we could arrive near to nifty closing value?
    Sometimes it seems that nifty is going to close above/below a imp moving average but when final closing prices comes it does not happen like that.

    Regards.

    ReplyDelete
  2. @Vaibhav

    Thanks for your comment. Regarding your question please visit JN you have some good answers there.

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