November 2, 2012

APPLE Trend update

  • Apple 30 Minutes shows price continue to break support levels.
  • Daily chart is threatening to break 200 Day SMA, Bears need this level to be broken on closing baiss for pushing the stock possibly towards 570 and 550 levels.
  • Weekly cloud shows the long term trend of the stock is very well intact. Price last said good bye to to the weekly cloud when it was trading around 144 levels. We may see a retest of the weekly cloud only if the 200 SMA is broken on closing basis.

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