- Micron technology daily chart shows bearish engulfing pattern.
- Price and RSI also shows good negative divergence.
- Divergence and Bearish engulfing will work well if price starts to trade below the weekly support zone shown in last chart.
- APPLE WEEKEND UPDATE
March 16, 2013
- Apple closing outside a contraction pattern. Price has closed above 20 Day SMA.
- Price is entering the selling zone as explained in the last chart. After the bearish cross of 20 and 50 SMA the zone between 20 and 50 SMA continue to act as selling area.
- So the current rise may extend till 50 SMA were it may face selling pressure again.