August 14, 2013

APPLE Support and Resistance levels


  • Apple forms a candle above 200 Day SMA after a long GAP. So for now crucial support at 470(200 sma)
  • Weekly chart is approaching crucial resistances like 100 Week SMA and 38.2% Fib level at 505 and 507 respectively
  • So Bullish above 505 - 507 and Bearish only on price closing back below 200 Day SMA(470)
  • PIN BAR OF CATERPILLAR
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