February 19, 2013

APPLE Bearish Crosses an update

  • First chart shows a bearish cross with 50 and 20 Day SMA.  Price is finding resistance in the zone between 20 and 50 Day SMA. 
  • Death cross is also doing well so far. Price sustaining below 50 Day SMA will continue to help the death cross to perform well.
  • Weekly chart also shows a bearish cross, Selling on rise into the above mentioned moving averages may continue to do well for apple bears.

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