I bought AAPL
after the Fibonacci Retracement
breakout back in October. Retracements work well here since the top last year. Apple
recently broke another retracement last week after a consolidation period. Although volume
wasn't really high on these breakouts, I still see a short term run here with a stop loss at $531. My price target is $580; not sure if it will break. A test at $580 could also coincide with earnings
release (time will tell). Also a bullish
MA crossover back in September following a double bottom
. I haven't use Fibonnaci Retracements on a stock before, any feedback?