"Apple: Sitting At The Precipice Of A Massive Move Higher 10 comments | August 26, 2011 | about: AAPL Andy Zaky
Apple (AAPL) is no more than one or two days away from kicking-off a massive move of epic proportions. People are going to look back at this time as being a pinnacle moment in Apple's history, matching the other major moments of July 2006, July 2007, March 2009, August 2010 and June 2011. Each of those months marked either a major turning point or the beginning of a massive move for Apple. At the current moment, an enormous symmetrical triangle is forming on Apple's 60-minute chart. This indicates an immediate move up to the $430 level on a short-term basis on a breakout. I believe Apple could trade above $430 just before or after its fiscal Q4 earnings which are due out near the end of October. As you can see from the charts below, the top of the symmetrical triangle sits at $404.50 while the bottom of end of the pattern is around the $344.50 level. This indicates a 60-point short-term move from the $375 - $378 level. It would put Apple in and around $430 a share."