AAPL- S/R to continue dictation of price pre Mac release?

Technical analysis based solely on price action is always a gamble for me in any market, but with my long pick here on APPL             , I at least have a product release in the future to look towards for price inflation as well.

With the Mac release rumored for the 27th of this month set aside, lets take a look at this triangular channel.

The channel was formed back in late May when price had it's initial reversal off of the first level of resistance at 100.45. Since then, price has reversed off of the inclining resistance line (marked in blue) 3 times, and has reversed likewise off of the support line (marked in red) 4 times, and 5 if we are counting the reversal off of the flat line of support that I have drawn in dark green, since it occurred within 10 cents of the support line.

Looking ahead, I believe that price will fall into my reversal zone (purple box) and then move higher in order to form yet another higher high, and higher low. My prediction for a good entry stands at the price of about 114-115 dollars, and for a solid exit, i'm looking to take profits at around the 119$ mark.            
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out