Thursday, May 23, 2013

AAPL, GOOG, GS and PCLN Technical Analysis

AAPL: Continuing the shake fest, must be patient.



GOOG: Train support has been violated, trade the bear levels. Remember the ongoing 20EMA daily acts as huge support. Look at the support levels:



GS: It has reached the $164 weekly resistance, very nice run since the $151 and $159 trigger lines. It has now violated hourly 20EMA train support.



PCLN: Reached $800 support already, first time 20EMA is a huge support. Look at the levels:



Support levels:
When a support breaks decisively, the immediate target is the next support line, vice versa. Keep it simple.