March 9, 2013

APPLE Weekend update

  • Apple daily chart shown with resistance levels for the coming week.
  • Weekly chart shown with 5 Week High EMA which works well during trending phases has worked well so far. Trend will remain strong as long as price stays below it on closing basis.
  • Positive Divergence in daily chart looks prominent. One more down move towards the support lines looks possible before a big up move could happen. 

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