- Apple daily chart shows price reversing from bullish engulfing pattern. If the up move sustains it could target the 20 Day SMA near 555 levels.
- Weekly chart is also trying to put up a bullish engulfing pattern. If Price closes the week at the current levels or higher we can confirm a bullish engulfing in weekly chart.
- Bulls need price to close above the weekly cloud and the oversold stochastic to turn up for a bigger up move.
- DOW JONES ANALYSIS AFTER CLOSE
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