April 15, 2012

APPLE Weekend update

CHART-II
  • Apple hits the bollinger band as discussed in the blow chart. For bears price closing below the lower bb line may extend this fall. Closing above it may give a pullback towards 20 Day SMA again.
CHART-I

  • APPLE Daily chart closing below 20 Day SMA should target the lower Bollinger band in the coming week.
  • MACD sell signal has worked well so far. Price sustaining below 20 SMA should extend the fall towards the next support levels which is shown in the last chart.
  • S&P 500 WEEKEND UPDATE