tradeseek
Long

Some Technicals on AAPL

BATS:AAPL   APPLE INC
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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?
Thank you for sharing. This actually confirms my own analysis.
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