It looks like aapl have moved out of the downward channel that started mid February
and finshed just recently. If we can finish above 440 some day than I think we will be off to the races again. Of couse, we would need high volume to confirm the breakout. But from a chart view it looks like right now we are in accumulation to me. Would love to hear what you think.
I agree with you. I've felt that way several times at similar (and higher) junctures over the last few months, including when we hovered around 505. But I think 419 carries the same support strength so as you say, we need buying in strength into the rises. I hope we'll see that soon. We need to break out above 450. Charts look promising accept without consistent buying into strength. I would like to see us close above 434 today and touch 440 tomorrow, but I'm a little doubtful, lacking stimulating news. Plus today's volume seems very low so the price in more easily moved. Good luck.