Today we'll analyze the Stock AAPL for online market trading,
Technical indicators to notice:
1- Last bullish trend was from 119.69$ (03/10/08) to 145.06$ (03/26/08) a 25.37$ move
2- The current bearish trend started from 145.06$ at 03/26/08 and is currently trading at 143.50$.
3- The stock current support level is at 139.07 which is the 23.60% fibonacci retracement of the last 25.37$ move.
4- The stock current resistance level is at 145.06 which is the 0.00% fibonacci retracement of the last 25.37$ move.
5- According to ADX, the trend is currently strong bullish, which is getting stronger.
Short term chart patterns :
6- The Stock formed Double Bottom Pattern at 119.69.
Mid term chart patterns :
7- The Stock formed Double Bottom Pattern at 119.69.
8- The Stock formed Double Top Pattern at 129.91 that failed, and formed a support .
Long term chart patterns :
None.
Conclusion:
AAPL was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy .
Resistance Levels: 143.87, 144.10, 144.28, 144.46, 145.06, 178.37.
Support Levels: 139.07, 135.37, 132.38, 130.72, 129.38, 120.53, 119.93, 119.69, 112.79,.
Tuesday, April 1, 2008
Apple Inc. (AAPL) Technical Analysis
That's all for today ... thanks for reading the post,
come back soon for more updates,
use the search to lookup for more interesting stocks you might be interested in,
feel free to leave your comments on the post, or contact me
enjoy your online market trading!!
have a nice day,
Shadi
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