May 2, 2017

APPLE Chart analysis before Quarterly results

  • Apple daily shows an Ascending broadening wedge pattern. This is mostly a bearish pattern. Daily MACD is showing Negative divergence with price.
  • But bulls are seeing price above crucial moving averages. 20 SMA is above 50 Day SMA. Weakness in this setup only if price starts to close below 143 levels.

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