August 15, 2013

APPLE Fades the GAP

  • Apple daily chart fades the remaining portion of an earlier GAP. Daily chart has given a Doji candle.
  • Weekly chart shows overbought indicator with price testing 100 Week SMA. If price starts to trade above 100 Week SMA Then the Indicator will stay oversold which the up move continues.
  • Last chart shows Price at 38.2% which is a crucial fib resistance level.
  • CITIGROUP Cup and Handle Pattern

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