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March 26th, 2013: AAPL Daily Chart with Indicators

Posted by pugsma on March 26, 2013

12:20 pm EST:  AAPL’s critical short-term moving averages (13-day EMA, 34-day EMA and 50-day SMA) on the daily chart have pinched together between 451 and 456.  With AAPL’s price trading above this cluster of moving averages, it must hold above this 450 area.   It must also keep the daily RSI (14) above the bear/bull threshold of 50 and the daily MACD above the bear/bull line of zero.  Doing this will solidify the a new up-trend, similar to late 2011 and mid-2012.  A failure in this 450 area will likely lead to rapid drop to below 400 with a test of 350 a possibility.

AAPL Daily Chart with Indicators (3-26-13):

PUG AAPL daily chart 3-26-13

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