October 28, 2012

APPLE Weekend update

  • Daily chart of apple is looking for a bounce from 200 Day SMA. The long shadow of the candlestick at such a significant moving average is likely to give a bounce before the next down move happens.
  • If the bounce does not go much higher and instead breaks last weeks low at 591 we could see either the lower Bollinger Band or 50 Week SMA as targets on the down side.

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