Market Technical View is a blog that mostly concerns the technical analysis of different financial instruments like indices, commodities, stocks, ETFs and currencies.

All the posts are structured in 3 main chapters that can be found in Content, in the upper right-hand corner of the blog.

Market perspective. The technical approach consists of chart patterns and important support/resistance zones. The purpose of this section is to give directions of the price on short and medium term (a few days up to a few months).

Trading setups. The analysis posted here will provide trading scenarios based on different technical tools.

Romanian Market. This is a section dedicated to Romanian stocks and indices.

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Thursday, January 12, 2012

Apple signs of reversal 2012.01.12

On the 6th of January analysis (http://markettechnicalview.blogspot.com/2012/01/apple-short-term-chart-20120106.html ) was mentioned the $422.00-426.00 resistance zone and the scenario to follow.

Today, the chart still stands and the scenario was confirmed by the price action. Most of yesterday’s session traded below lower resistance border (see chart – the last 3 candles) and this proves the (at least temporary) bearish pressure.

The first target is set in the support zone, between the $405.00 and $409.00 levels. 


Posted by Adrian Filip at 2:38 PM
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