2waytrading

$116.60 remained a solid resistance last week, but will it hold

NASDAQ:AAPL   Apple Inc
149 1 0
Nice breakout upside from 103 and price achieved upside measured target price 106.6 but failed to close above it which confirms that profit taking and technical hurdles will push price back to recent swing low at and around 109.50 but will see if price can hold last week's low first for clue 113.26 area. Time to book profit and wait next leg upside which can take up to 8-weeks to form before it breaks out upside. Next is not 120 but $130 can be achieved next year not next month. If you want a real time alerts on this security try us http://www.2waytrading.com
Do you have a link to your previous AAPL chart?
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