October 17, 2012

APPLE Chart update

 
 
  • APPLE's Hammer at 100 SMA has lead it to a possible resistance level near 655 levels.
  • Price also near 38.2% Fibonacci level which may act as resistance.
  • For apple bulls need to sustain above the hourly cloud for a bigger up move to happen. Price falling back into the cloud may resume the fall.
  • APPLE OVERSOLD FORMS A HAMMER
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