Apple Inc Daily (09.07.2014) Technical Analysis Training
The Apple Inc (NASDAQ:AAPL) Daily Diagram Technical Analysis shows the following:
The AAPL share has made a short term bullish development with the support of the trend line (light blue). This support line is over the KUMO, which means that the AAPL is bullish in long term. The weekly diagram shows bullish trend but an overbought RSI. The monthly is bullish too.
So the first think in mind is that $94.76 as you can see is now a support. MACD is bullish and RSI reaches overbought levels for 2nd time in a few weeks. The volume is the usual.
We have no special candlestick pattern. The share is over the KUMO and the Kijun Sen (blue line) too. The last week decline cross down the Tenkan Sen (green line).
There is no special pattern. The fib from $73.96 to $94.76 shows the 94.76 as a support and the 1.618 of fib as next target of a bullish movement. If the price rise to $100 the share will reach again its all the times high ($100X7 = $700 (before the split)).
Wed Jul 9 16:52:21 2014 UTC