Razvan
Long

APPLE Inc. Price Action Signaling a 5th wave

BATS:AAPL   APPLE INC
362 2 5
From July 2013 to present the price of Apple's share has drawn a beautiful 4 wave pattern. Going with Elliott's Wave Theory we can expect for the price to draw another up move wave - the 5th one. At 525$ the price met a pretty good support area which might be good enough to create a bounce. A daily close under the trend line or the 100 EMA could be a negative signal and the price might eventually fall to retest 500$ per share.
mattlamb
2 years ago
agreed. trend is strong, see no reason for long term change, short term is back to median price
Reply
Razvan
2 years ago
:) the price is on the right path
Reply
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