AvaTrade - Analytics

    AvaTrade

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    Apple all time high, will you trade?

    Apple has made another record high on its price. There price has pierced the bollinger band which means that the volatility is extremely high as the price is trading very far enough from its 20 day moving average. The stock is maintaining its upwards trend as this is confirmed by the upward trend line which is shown in the red colour.

     

    The MACD is trading near the over bought zone however it is trading in line with the price action which means as the price is making the higher high, the MACD is confirming that move.

    Screen Shot 2015-02-11 at 11.34.43

    Important zone 

    125-127 Resistance zone

    106-104 Support zone


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