January 3, 2016

APPLE Month week and daily charts

  • Apple Daily chart has a death cross and if price remains below  SMA bearish will stay stronger.
  • Support zone or neck line for head and shoulders pattern is around 104 levels. 
  • Month chart too shows a sell signal in MACD indicator. Apple bulls will further weaken if price moves below 95 - 100 zone. This zone was previous resistance as shown in monthly chart and can act as strong support zone.