AAPL attempted and failed to break the Feb. 24th high on Thursday. The pullback on the failure was immediate. Today it traded in a fairly narrow range on lower volume and carved out another doji stick (indecision). All of the indicators and oscillators displayed in the chart above are bullish except volume. Notwithstanding any major news, I expect that AAPL may pullback to support in the $70.00 area before making another serious attempt at breaking the neckline.
Friday, May 05, 2006
AAPL - Bullish Inverted H&S Pattern - Update
AAPL attempted and failed to break the Feb. 24th high on Thursday. The pullback on the failure was immediate. Today it traded in a fairly narrow range on lower volume and carved out another doji stick (indecision). All of the indicators and oscillators displayed in the chart above are bullish except volume. Notwithstanding any major news, I expect that AAPL may pullback to support in the $70.00 area before making another serious attempt at breaking the neckline.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment