Follow-Up on Apple Analysis

By | June 6, 2015

Last week a reader asked if I would take a look at the Apple chart. I spotted a small eveningstar pattern on the daily chart which suggested a pullback and that proved to play out this week.

66605.AAPLdailychart

The trend on the weekly chart, however, is still intact and a reversal would require a break of the long term uptrend line and the horizontal support line that marks this year’s lows.

66605.AAPLweeklychart

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