Share
of Apple Inc. (AAPL) is trading near $530
on Friday after big hit $518 and nice rebound from Thursday, Apple has a new potential bearish pattern, levels to
watch.There is a new potential bearish pattern developing.There is a new
potential bearish pattern developing on the daily chart. That pattern
is a bearish flag, has been formed by the recent consolidation of the
move off the $500 area in the last two weeks. The pattern will not
become active unless price breaks the top of the current bearish price
channel, the flag, at the $590 area. If the pattern does trigger and
completes, upside potential would be to the $635 area in earning area.I think long term buy will be coming soon but not now.The pattern would
be voided if price instead breaks below the low of the bearish price
channel, currently at the $555 to $505 area.
Next short
term support area is
Membership Access. Apple Inc. (AAPL) should
trade $700-$750 in 2013?. This is my one of the
Top
Pick
for
2012.
Technical Analysis Stock Charts: Charts Below
60m chart
Daily chart
Weekly chart
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