APPLE Death cross update

 

• Apple weekly chart shows RSI in oversold zone But not yet exhausted. If price stays above the crucial support zone of 505 - 518 we may get an up move.
• Immediate resistance level is the 20 Day SMA and support at lower Bollinger band.
• Death cross is done and this level along with 50% Fib level may act as stiffer resistance if apple bulls manage to get there.
• DOW JONES ANALYSIS AFTER CLOSING BELL