March 7, 2011

APPLE Near 50 hour moving average

  • Apple hour chart with 50 hour moving average
  • Price is testing 50 hour moving average. If price sustains above it we may see an up move. Breaking this moving average will extend gains for bears.
  • Today's down move started when price broke down from a small rising wedge pattern in hour chart. 
  • THE GOLDEN CHANNEL

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