Monday, August 17, 2015

Technical analysis for APPLE 17-8-2015

Technical analysis for APPLE 17-8-2015
Technical analysis for APPLE 17-8-2015


APPLE Share moved last Friday in the average movement of 132 pips, its highest level at 115.54 and the lowest Level at 114.22 and closed at 115.45 to Gain 124 Pips according to economic data from the USA.


Apple share opened today at 116.02 and went down now to 115.42

APPLE moves in a series of down corrective waves after breaking the wedge.

It is expected that APPLE share is heading targeting 113.50 as a target on time frame of four hours and until now we see the Bears control on market direction

And the Relative Strength Indicator "RSI" show us distribution operations at the market

Today we could see violent swing in equity markets because of the economic data from the USA

Support level: 114.60 and 113.75 and 113.28

Resistance level: 115.92 and 116.39 and 117.24

More Technical Outlook Fx-Stations

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