Sunday, April 09, 2006

AAPL - Inverted H&S Formation or Full Throttle?


Click on chart for larger view.

Is AAPL in the midst of forming an inverted H&S or is it full steam ahead from here? Price and volume were extremely bullish this week. Despite resistance just overhead, keep this one on your daily watchlist as it may surprise us with its strength. The ADX crossover foreshadows further strength as the ADX line has just started to curl up.

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