September 25, 2012

APPLE Chart analysis

  • APPLE Daily continue to move up in a channel. Price near the support line of the channel.
  • Weekly chart with RSI shows negative divergence and RSI is turning down from overbought levels But for apple bears price has to sustain below 20 Day SMA for confirming weakness. 
  • 20 Day SMA and 655 are crucial support levels for APPLE.

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