Buy Apple Why This Time It Is Different
Posted: August 13, 2013 Filed under: Double Bottom | Tags: AAPL, APPLE, I APPLE, IPHONE, IPHONE 5, IPOD, JOBS, MACBOOK, MACBOOK AIR
Apple has completed a 5-months double bottom on Aug 5th. It then made a pull back into the pattern. Today it looks like it will attempt again to close outside the pattern. This time it is different because it happens to be that the 200MA is acting as a secondary resistance zone. A clearance of the 200MA yields a possible target of 540.