- Google shows a symmetrical triangle at the top of the trend. Weekly indicators are looking overbought which may result in a bearish breakdown. Price closing below the support line may target 100 day sma initially.
- Strength in daily chart only if price moves back above 50 and 20 Day SMA.
- APPLE Weekend update
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- Apple weekly chart has given a negative candle at upper Bollinger band.
- Daily chart also shows price moving down from 200 Day SMA and previous resistance levels.
- For apple bears need to break below the rising support line and 23.6% Fib level shown in last chart to extend this correction further.
- Blackberry has violated the initial resistance level shown in one hour chart.
- One hour is showing a bullish cross with 50 and 200 Hour SMA.
- Price has to move above 23.6% Fib level shown in 4 hour time frame for a bigger up move to happen.
