September 11, 2013

APPLE Testing support levels

  • Apple testing crucial support levels
  • FORD Trend update

FORD Motor Trend update


  • Ford four hour chart shows price testing the recent swing high of 17.66. Bears are hoping for a double top here But the trend in Higher time frames are clearly favoring bulls.
  • A Weekly close above 17.66 may target 18.97 levels in the short term.
  • APPLE Chart update

NIFTY Chart update

  • Price managed to close above crucial moving averages.
  • First chart shows a potential resistance line.
  • Weekly chart shows price moving above 20 Week SMA. A weekly close above 20 Week SMA will extend bullishness.

APPLE Chart analysis

  • Apple daily chart is in  a trading range.
  • Immediate support level at 486 and 23.6% Fib level. Below 23.6% price may test the 461-463 zone which is the 200 and 50 day SMA'S.