October 5, 2011

APPLE Near 200 SMA

  • Price went down till the 200 SMA and started to reverse.
  • Price having broken 50 SMA is moving towards 200 SMA.
  • Trend line in weekly chart looks good for bulls despite this correction.
  • In the short term price momentum is with bears. 350 levels is good support area.

No comments:

Post a Comment