goldfever54

AAPL has it reached a good entry point?

Long
BATS:AAPL   Apple Inc
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Long AAPL investors have experienced a 40+% loss since the stock price reached its high back in Sept. '12. If the current price of $392. 05 finds support in this price range for the next 6 trading days we may have seen the lows over the medium term. The price has reached support at the 200 period weekly exponential moving average . Also the current price reflects a 50% retracement of the stocks price movement from the lows set back in March '09 to the highs in Sept. '12. While there may be some tepid price exploration below the current price, finding support at this level could be a good entry point for the intermediate term.

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