Thursday, January 19, 2006

AAPL - Dumpling Top - Bearish Reversal

Click on chart for larger view.

Today's trading action could be the start of a deeper pullback for AAPL. From the chart above you will note that today's gap open was not filled in early trade, following which AAPL carved out a wide range bearish candle. All of this coming off of a rounded top = a bearish dumpling reversal top.

I'll be back later with some intraday charts.


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