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Apple Inc. Message Board

  • thetechtraderca thetechtraderca Aug 14, 2013 11:07 AM Flag

    Harry Boxer's Charts of the Day

    Harry has posted a Charts of the Day video on AAPL at TheTechTrader site noting: Apple Inc. (AAPL) had an excellent day on Tuesday. With it breaking out, it may have put a hold on everything. We’ll have to see what kind of follow-through it gets, if any. Looking at the chart, AAPL reached 705 last Sept, rolled over, and went all the way down to 385 in May, rallied, retested the lows again in July, then finally the breakout came. It couldn’t get through the 50, broke away on a breakaway gap, pulled back to test, moved up to near resistance, formed a little flag and 4-day pullback, and then it spiked up on Monday, closing at 467.36, and on Tuesday, it closed at 489.57, up 22.21, or 4 3/4%, on 31 million shares. That’s the biggest volume on an up day for AAPL since back in Nov. This was potentially a big base breakout. There is some resistance in this zone. The near-term target is 515, and the secondary target is 550-55.

109.14+8.500(+7.79%)Jan 27 4:00 PMEST

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