January 7, 2014

APPLE Chart update

  • APPLE Daily chart trading near the rising support line from 388 levels.
  • 4 Hour chart shows price pausing at the Golden ratio.
  • Daily chart with Ichimoku cloud shows price trading closer to the cloud.

Dow Jones analysis after closing bell

  • Dow Jones daily chart shows bearish price action after big divergence with RSI.
  • Correction is yet to test the 23.6% Fib level. Daily MACD shows a bearish alignment as shown in chart 2 and May extend the correction towards 20 Day SMA initially. 
  • BLACKBERRY Bullish price action and Resistance levels