- Apple 15 Minutes continue to move down in a channel.
- Hour chart shows a possible Inverted head and shoulders pattern. Price need to stay above 50 Hour SMA For this particular pattern to work in favor of bulls.
- Daily chart continue to test 50 day SMA. Close below 50 SMA May lead to the recent lows again.
May 2, 2012
- First chart is show with MACD. Crucial support in this chart is the 200 Day SMA. If 200 SMA is held MACD should give a buy signal.
- If the 200 SMA is held we may see a triangle pattern in google. Price has to sustain above 50 Day SMA for a possible up move towards the resistance line of the triangle.
- 20 and 50 Day SMA is showing a possible bearish setup. If price stays below 20 SMA we might get a trending move in favor of bears provided 200 SMA gets broken.
- EURUSD AT RESISTANCE LEVELS