Now that the gap as been filled on the 60 minute chart I am expecting a move higher soon. It is currently consolidating at gap support. I think it should test the downtrend line of the descending triangle. If it is able to break this resistance a significant move higher can be expected. The best way to play this trade is to purchase AAPL close to gap support with a stop placed under this consolidation area. If it is unable to break the resistance line of the triangle that would be your sell signal. Since this is a bear market you must always use extra caution making long trades.






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Comments

1 Response to 'AAPL's Chart May Be Turning Bullish'

  1. Anonymous
    http://jackschartpatterns.blogspot.com/2009/03/aapls-chart-may-be-turning-bullish_07.html?showComment=1236460140000#c224381913900293788'> March 7, 2009 at 3:09 PM

    Nice charts!

     

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