March 2, 2014

APPLE Weekend update

  • February month candle failed to close near the High's, This will keep the Monthly bearish setup intact.
  • Daily chart is contracting in a triangle. The presence of 50 and 100 SMA will make it tougher for bulls to do an upper breakout.
  • Breakout is likely to happen in favor of bears because of the Bearish Monthly setup.
  • BLACKBERRY Analysis after closing bell