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| Technical analysis for APPLE share: 27-7-2015 |
APPLE Share moved last Friday in the average movement of 200 pips, its highest level at 125.62 and the lowest Level at 123.80 and closed at 124.37 to retest the broken wedge to lose 52 Pips according to economic data from the USA.
Apple share opened today at 123.02 to make a large Gap below the wedge
APPLE moves in a series of down corrective waves after breaking the wedge
APPLE posts record Q3 profit, revenue double in china to 13.2 B
Iphone sales climbed 35% to 47.5 M
It is expected that APPLE share is heading targeting 121.70 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: 123.57 and 122.77 and 121.75
Resistance level: 125.39 and 126.41 and 127.21
More Technical Outlook FxStations
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