January 18, 2011

APPLE Gaps down below 50 hour moving average

APPLE HOUR CHART (CLICK TO ENLARGE)
APPLE DAILY CHART
 
  • Apple has gaped down and is trading below its 50 hour moving average.
  • Important support in daily time frame on closing basis is 318.60
  • Up trend in larger time frame will be challenged only if bears manage to close price below 318 level.
  • If stock climbs above 50 hour moving average again this GAP will be faded in the day's to come.
  • CRUDE OIL CHART ANALYSIS

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