Razvan

AAPL - Smells like a Double Bottom

Long
NASDAQ:AAPL   Apple Inc
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1
Looking at Apple's chart I've noticed a sudden fall in the volume on the second through. Putting the exhaustion gap, the volume and the resistance zone all together we might get a nice reversal pattern, Double Bottom . A very interesting pattern would be an Island. A gap over the resistance zone would create such price formation. If this theory will be confirmed, we might see the next resistance levels hit at 550 and 590$ per share.

Comments

A good double bottom happens when the second bottom comes around, good amount of volume gets in the stock
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