Tuesday 28 January 2014

Technical analysis of Apple for January 29, 2014 Trend News

Apple is one of the prime stocks. It made a good rally from June's lows. Correcting itself after an upmove. In yesterday's trade, there was a big gap down. Apple announced financial results for the fourth quarter of 2013. It posted the revenue of $57.6 billion and a net profit of $13.1 billion. On January 13, 2014, we gave an alert regarding the technical breakdown, and our target completed. Apple obeyed us. In the daily chart oscillators gave a sell signal with a sl at $560.0 Yesterday's low is very crucial for the coming session. Apple closed above the gap down level, which was a bull factor. In the hourly chart, we can see a pullback due to oversold conditions.


Support: $501, $482.


Resistance: $515, $530.


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aapldaily.png1390966511_zoom.pngThe material has been provided by InstaForex Company - www.instaforex.com



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