- Apple daily trying to stay above 50 day SMA.
- Daily closing above 50% Fib level and 50 Day SMA will help bulls to target the golden ratio.
- Falling below 50 day sma on closing basis will favor bears.
June 11, 2012
APPLE Daily chart analysis
NIFTY Chart analysis
- Nifty near 50 and 200 Day SMA.
- Weekly chart shows bullish engulfing pattern and need to trade above 50 Week SMA for the engulfing pattern to be effective.
- Price trading above the falling channel resistance line and 5 Week High EMA will favor bulls.\
- Immediate target on trading above these levels could be the Weekly mid bollinger band.
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