October 30, 2013

APPLE Analysis after closing bell

 
  • APPLE Daily chart shows a Bearish engulfing pattern.
  • Weekly chart is testing 100 Week SMA A close below this line may confirm the bearish engulfing pattern shown in daily chart.
  • Monthly chart too is getting resisted at 20 Month SMA. Unable to close the month above this line may result in a correction.
  • DOW JONES TRIPLE TOP AND DOUBLE BOTTOM
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