December 5, 2012

APPLE Support and Resistance levels

 
  • Crucial resistance levels in daily chart are 50 and 200 Day SMA.
  • Daily charts indicators are at overbought zone which will be effective if price starts to trade below 20 Day SMA.
  • Weekly candle is testing 50 Week SMA. A weekly close below 50 Week SMA Should resume the fall.
  • DOW JONES ANALYSIS AFTER CLOSE
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