August 13, 2011

APPLE Weekend Update


  • Bears of AAPL need the stock to dip below 364 and the last swing low which is 353.
  • Bulls will be safe as long as they stay above 20 week moving average as shown in 2nd chart
  • Bulls can extend profit if they are able to close above 20 Day Moving average.
  • Bears need 20 DMA to act as resistance.
  • USO RISING TO THE BREAKDOWN LEVEL