Stock Technical indicators to notice in APPLE (APC.SG)
1- Last bullish trend was from 422.31 $ (4/24/2012) to 461.97 $ (4/25/2012) a 39.66 $ move 2- The current bearish trend started from 461.97 $ at 4/25/2012 and is currently trading at 436.50 $.
4- APC.SG current resistance level is at 437.46 which is the 61.80 % fibonacci retracement of the last 39.66 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
APPLE (APC.SG) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 461.970 .
APPLE (APC.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock traded in a bullish stock channel identifed by support at 422.310 and 272.110,resistance between 482.590 and 308.880, the stock channel is currently supported from below by 433.540 and resisted from above by 509.867.
APPLE (APC.SG) Long term stock chart patterns for internet stock trading :
8- The Stock traded in a bullish stock channel identifed by support at 422.310 and 272.110,resistance between 482.590 and 308.880, the stock channel is currently supported from below by 433.540 and resisted from above by 509.867.
Stock Trading Conclusion:
APPLE (APC.SG) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .
Stock Resistance Levels : 437.46, 442.14, 442.51, 446.23, 446.82, 449.23, 452.24, 452.61, 461.58, 461.97,.
Stock Support levels : 422.31, 411.52,.
