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Apple Inc. Message Board

  • appolona03 appolona03 Feb 1, 2013 8:38 PM Flag

    AAPL Poised to Exploit a Bullish Technical Scenario

    Apple Inc. (AAPL) has not participated at all in the Dec 31-present advance of 8.2% in the SPX.

    In fact, AAPL has declined 18% during the same timeframe.

    "That said, near- and medium-term technical set-up in AAPL is positioned for a $50-$60 rally that could start at just about any hour now, as the price structure traverses its Sept 2012 down-channel from 435 towards 510."

    Based on the current set-up, the last 7 sessions represent a potential "Island Cluster," which in English means that all of the action since Jan 24 is clustered in a $20 range off of the low at 435, in the aftermath of a powerful down-gap left behind on Jan 24, the morning after earnings were released.

    If any news or a positive catalyst emerges that triggers a higher opening in the upcoming sessions, AAPL will leave behind an "Island Cluster" that will have very bullish technical implications.

108.03-0.82(-0.75%)Aug 24 4:00 PMEDT