November 3, 2012

APPLE Weekend update

 
  • Doji star of Weekly chart continue to do well for bears. Remember Apple also has a PIN BAR Formation in Monthly chart CHECK This post for the monthly chart of apple.
  •  Candlestick formations tend to do well in bigger time frames.
  • Price has violated 200 SMA But not with great volumes. Apple looks oversold. We may see some more downside possibly towards 550 - 560 zone. Stock may give an oversold bounce from this zone.
  • SPY ANALYSIS AFTER CLOSING BELL
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2 comments:

  1. Hi San,

    Online and posting charts for Monday's trade?:) I see that you use paid version of ChartNexus software...Right?

    Thanks,
    Sandeep

    ReplyDelete
  2. @Sandeep Koppula
    Software i am using is the free version of Chartnexus. Paid version gives you more data, Free version limits it to 3 years.

    ReplyDelete