BATS:AAPL   Apple Inc
BULLISH , on a monthly perspective, this 2009 to the end of 2012 uptrend is still intact unless the trendline is taken out. Using the Oliver Valez method of rising 20 and rising 40 simple moving averages ( sma ) we still don't see the uptrend violated (in green dotted), in fact, the r 20 sma still has not been violated and according to him, in some cases the final support will be the rising 40 sma . So, in either case, this is still a BULLISH chart.


Correction, as can be seen, the r 20 sma is in the Maroon color, not orange... my mistake. the r 40 sma is in Orange color.