June 17, 2013

APPLE Falling wedge pattern

 4 HOUR CHART
  • Apple one hour chart shows a falling wedge pattern. Price holding above the support line should give a breakout towards 445 levels.
  • Price must sustain above 50 Hour SMA for a bigger up move to happen.
  • Last chart shows fib levels in 4 Hour time frame. For bulls price must move above 38.2% Fib level for a possible target back towards 23.6% Fib level. Breaking below 50% Fib level means weakness.
  • BLACKBERRY WEEKEND UPDATE
  • S&P 500 WEEKEND UPDATE
-->

No comments:

Post a Comment