July 10, 2013

APPLE Bullish Engulfing

  • APPLE Daily chart shows a bullish Engulfing pattern which will be effective only on price closing above 423.5 levels today with High Volume
  • Price has managed to close above 20 Day SMA. Sustaining above this line will help bulls to move higher. Weakness on price trading below this level.
  • One hour chart shows price still in a range. Any weakness near 423 levels may lead price lower towards range bottom.
  • ES CHART ANALYSIS
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