April 17, 2013

APPLE Inside Day Formation

 
  • Apple daily chart shows a range from 419 - 437.
  • Daily chart also shows  a possible bearish head and shoulders pattern with neck line at 419 levels.
  • Yesterday candlestick formation shows an inside day which may increase volatility above 427 or below 419. Above 427 price may head towards the range top or 20 day sma. Below 419 price may move towards 400 levels.
  • S&P 500 ANALYSIS AFTER CLOSING BELL
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