novvoll12

AAPL- neutral – Consolidates within a 7-month falling wedge

NASDAQ:AAPL   APPLE INC
34 0 0
AAPL             @ 100.35 - neutral – Consolidates within a 7-month falling wedge above long-term support

AAPL             rebounded off the 89.47 weekly low (May 9, 2016 YTD low), forming a 7-month falling wedge . Further consolidation within the wedge pattern is expected. Only an upside break above 112.39 (April 11, 2016 weekly high) would signal completion of the wedge breakout and extend gains towards 123.82 (November 2, 2015 weekly high) next.
However, if the 110.00 area caps the bounce, back below 89.47 would offer scope for a retest of the 85.00 area (near 7.5-year rising trendline support and 61.8% retracement of the 55.01/134.54 upswing (April 2013             higher low/April 2015 all time high)).

Outlook:
Intraday: bullish
Daily: bullish
Weekly: neutral
Monthly: neutral
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out