The Traderszone Network

Published in TZ Latest News 17 December, 2015 by The TZ Newswire Staff

Apple Shows Positive Divergence on 60 Minute Chart

Apple (AAPL) is breaking down beneath its November low and on the surface appears to be a broken stock, but its intraday 60 minute chart is telling a much different story.  Given the slowing volume this afternoon and near test of Wednesday’s pre-Fed low, AAPL’s turn higher in its hourly MACD has me hopeful that it’s close to a short-term bottom.  Perhaps it’s already been reached.

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