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Apple Daily Technical Analysis | 30 October 2017

2017-10-30 10:36 am | Resource: Technical Analysis Section | No Views : 298

Apple broke the secondary downtrend line during last Friday's trading as buyers pressured the US stock, the SMA and the slow and long term moving averages are positively cross.

Apple Daily Technical Analysis | 30 October 2017

The rate of change is trading in a bullish direction and breached the bearish trendline as it is currently trading within the oversold area.
It is expected that, if the American electronic shares confirm the breach of 162.23, it may target the level of 164.90 on the other hand when breaking 161.62 levels may target the US stock level 155.11.
Support: 155.11 - 149.82 - 147.93
Resistance: 162.23 - 164.90 - 167.10
Trend: Up


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