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.
The material has been provided by InstaForex Company – www.instaforex.com
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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