May 15, 2013

APPLE Chart analysis

  • APPLE Daily MACD shows bearish alignment. Breakdown below 20 and 50 Day SMA will extend the fall in daily chart.
  • Weekly indicator is showing bullish alignment But price action in weekly chart is not supporting this view. Bearish weekly candle at 20 Week SMA is favor bears of apple for now.
  • 435 levels also looks crucial support as it is a confluence of 50 SMA and 38.2% fib level.

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