May 2, 2013

APPLE Dragonfly Doji

MONTHLY CHART
 
  • APPLE Monthly chart shows a Bullish Dragon Fly Doji. Monthly chart shows the Bearish PIN BAR at the top which was followed by a correction. If the Dragon Fly works well stock could do a decent bounce.
  • Apple bulls does not want price to move below 50 Day SMA which will be followed by another correction towards the lows. Daily cloud has acted as stiff resistance so far, Price closing into the cloud will signal further strength for bulls.
  • IWM CHART UPDATE
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