Trade Idea - Aaple
Thursday, February 12, 2009
Chart courtesy of www.stockcharts.com

Looking at the technical daily chart of aaple there appears to be marginal downside risk from prevailing levels. The short-term trend is bullish and a move to the Rs 100-103 range appears likely. The stock seems to have completed the recent pull back. The 20 day moving average is showing a positive gradient and is rising since the beginning of February. This is a bullish sign. The Bollinger is also showing a slightly upward channel and the stock looks to be moving towards the upper part of the Bollinger bands. A move above 103.60 would confirm that the stock has commenced the next phase of an upward move.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
 
posted by Pro Investor Trader at 8:59 AM | Permalink


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