Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
Thursday, March 3, 2011
AAPL Apple Weekly Chart Overbot Rising Wedge Negative Divergence
AAPL Apple weekly chart shows overbot conditions, rising wedge and negative divergence so a move down over the weeks ahead is anticipated. ADX shows a strong trend remains in place for the bulls, however. Watch the price move down thru the 10 MA to verify signs of weakness ahead. 320 is key support. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.
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