November 9, 2012

APPLE Support levels


  • Apple month chart shows the Pin Bar pattern and the following correction. This correction may target the lows of March and May months which is 516 and 522 levels.
  • 522 level is looking crucial for this week if price stays above this level and if it manages to close the week above the Ichimoku cloud and 50% Fib level we may see the stock bounce in the coming week. 
  • If the stock breaks below 522 and 516 then it could lead to sub 500 levels, 493 is the Golden ratio as shown in the last chart.
  • S&P 500 ANALYSIS AFTER CLOSING BELL
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