February 16, 2013

APPLE Weekend update

  • Apple weekly chart shows price getting resisted at 100 Week SMA which was broken earlier.
  • Confluence of resistance lines shown in second chart may make it tougher for bulls to do a breakout at the current levels.
  • Last chart shows price bouncing from 78.6% Fib level. If the lows gets tested again apple may fall towards 400 levels.

No comments:

Post a Comment