December 23, 2012

APPLE Weekend update

 
  • First chart shows weekly time frame with rising and slopping support lines.
  • Next chart shows 100 Week SMA as crucial support if the support line gets broken.
  • Last chart shows Monthly candle trying to hold above 20 Month SMA.
  • RIMM CHART ANALYSIS
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2 comments:

  1. UnknownDecember 23, 2012 at 10:26 PM

    Thanks, San. The last two candles on weekly are almost identical to the two July '11 candles hitting line at 310. Would that pattern qualify as potential bullish piercing , or are candles to small?

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  2. SanDecember 24, 2012 at 12:02 AM

    @craigalfred kimball
    Nice catch they do look similar But i don't think the Bullish piercing pattern rules are valid here. Having said that i am also expecting an up move in apple for the coming week.

    Thanks for the visit.

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