January 25, 2017

APPLE Resistance line update

  • Apple is nearing the weekly resistance line. For now the resistance line stands around 122 levels.
  • Daily chart is developing negative divergence with price and MACD.
  • Apple bears need weakness to set in at the Weekly resistance line for the Negative divergence to take effect.
  • Apple bulls would argue that there is enough momentum in weekly chart for a possible breakout above the resistance line.

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