May 28, 2016

APPLE Weekend update

  • Apple daily trying to fade the result GAP. Price now is moving to crucial resistance levels. 50 Day SMA and Golden ratio may act as resistance if the up move continues. Even if these resistance levels are crossed the 200 Day SMA will be tough to cross for apple bulls. For a change in trend price need to sustain above 200 SMA, Last 2 attempts to stay above 200 SMA has failed.

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