February 13, 2013

APPLE Chart update

  • First chart of apple  a Weekly time frame shows confluence of resistance lines stopping price from moving up.
  • Second chart too is bearish as price is stopped at the 100 Week SMA. This level must be crossed above if bulls are going to Fade the GAP in daily chart completely.
  • Last chart shows the GAP in daily chart. Weakness seen in chart before the GAP is faded completely. Price closed back below 20 Day SMA.

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