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Thursday, April 17, 2008

AAPL Technical Analysis

Today we'll analyze the Stock AAPL for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 155.89$ (04/07/08) to 147.14$ (04/11/08) a 8.75$ move
2- The current bullish trend started from 147.14$ at 04/11/08 and is currently trading at 153.70$.

3- The stock current support level is at 152.55 which is the 61.80% fibonacci retracement of the last 8.75$ move.
4- The stock current resistance level is at 155.89 which is the 100.00% fibonacci retracement of the last 8.75$ move.
5- According to ADX, the trend is currently strong bullish,which is becoming weaker.
Short term chart patterns :

6- The Stock was supported by a support line, identified by two points: 147.14 and 140.25, and is currently supporting at 149.019.
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 weaker .
Technical indicators and chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy .

Resistance Levels: 155.89, 158.27, 161.30, 177.95.
Support Levels: 152.55, 152.15, 151.51, 151.19, 150.48, 150.42, 149.65, 149.21, 149.02, 147.14, 131.18, 130.57, 126.99, 121.25, 120.05, 73.39, 72.13, 71.70, 63.99, 62.79, 51.08, 49.61, 35.60, 35.50, 32.28, 31.64, 31.32, 25.88, 15.35, 14.03, 13.91, 13.62, 12.85, 12.79, 11.77, 11.05, 10.60, 10.57, 10.39, 10.18, 9.79, 9.79, 9.58, 9.50, 9.37, 9.11, 9.08, 9.05, 8.92, 8.67, 8.44, 8.40, 7.76, 7.74, 7.64, 7.56, 6.54, 6.22, 6.00, 5.96, 5.69, 5.38, 4.56, 4.41, 4.02, 3.05, 1.74,.


That's all for today ... thanks for reading the post,
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Shadi
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We Moved!!!

Please check our new site : The stocks profit, for
Stock Search
you can also subscribe to its RSS feeds or newsletter to get updated when new analysis is posted
GO ahead and click in!read the latest technical analyis of all the TSX, NYSE, NASDAQ, AMEX stocks and find
hot stocks
enjoy
Shadi