I feel like the top trend line is inconsistent. You start with the November 18th close, but then use the January 18th and March 13th upper wicks as the other connecting points. If you replace the March 13th wick point with the March 12th close, the trend line lowers, and the current stock price would be sitting above resistance. Not sure if that changes the analysis at all, just something I noticed.
magnusfogelberg
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@Nicollage, Trend lines is not always exact. How to draw them is something that has come with experience. It's hard to teach. Sometimes the price pierce a trendline and sometimes it brekas above or below. Now the price has broken to the upside but most of the times it comes back under again.
Nicollage
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@magnusfogelberg, yeah i agree that they are not always exact, I myself am very new to this, so i'm just trying to see other peoples logic with what they do.
JLsGhost
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What is the rationale for the target? That would give back all the post-earnings gains. Also short AAPL here BTW.