February 16, 2012

APPLE Trend update

  • Apple hour has fallen below 50 Hour SMA after yesterday's Bearish Engulfing pattern.
  • Price sustaining below 50 Hour SMA will extend this fall.
  • 38.2% fib level shown in second chart may act as support. Bears of apple need price to fall below this level for a possible target of 472.
  • GOLD TREND UPDATE

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