Today we'll analyze the Stock AAPL for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 199.83$ (12/28/07) to 119.46$ (02/22/08) a 80.37$ move
2- The current bullish trend started from 119.46$ at 02/22/08 and is currently trading at 139.53$.
3- The stock current support level is at 138.43 which is the 23.60% fibonacci retracement of the last 80.37$ move.
4- The stock current resistance level is at 150.16 which is the 38.20% fibonacci retracement of the last 80.37$ move.
5- According to ADX, the trend is currently strong bearish,which is becoming weaker.
Short term chart patterns :
None.
Mid term chart patterns :
None.
Long term chart patterns :
None.
Conclusion:
AAPL was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and chart patterns show no favorited direction,
recommend hold or waiting for entry .
Resistance Levels: 150.16, 159.65, 169.13, 199.83, 221.69, 249.50.
Support Levels: 138.43, 134.79, 131.86, 129.49, 127.13, 119.46,.
We Moved!!
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GO ahead and click in!read the latest technical analyis of all the TSX, NYSE, NASDAQ, AMEX stocks and find
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Shadi
Wednesday, March 26, 2008
Apple Inc. (AAPL)
That's all for today ... thanks for reading the post,
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have a nice day,
Shadi
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