April 18, 2013

APPLE Monthly Chart analysis

 
  • Apple Monthly chart with Fibonacci levels for the Rise From  78 to 705 level shows price testing 50% Fibonacci level.
  • Monthly candle is also nearing 50 Month SMA.
  • Bigger time frame is approaching crucial support levels. Some more downside looks possible before a bigger bounce could happen.
  • APPLE INSIDE DAY FORMATION
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