Apple AAPL has a worldwide media event planned next Monday March 25, to announce a steaming platform for original movie' content, as well as a new "Apple News" a platform for worldwide newspaper distribution, including the rumoured participation of the" Wall Street Journal".
Monthly Line/ Break Chart shows that Apple is very close to reversing a multi-month decline, and rendering a new and very important Buy Signal with a Close above 190.29
Also observe that Apple is close to breaking above it's 200 Day Moving Average, currently at 188.39, so a break above both resistance levels taken together, would be a very bullish technical confirmation of new strength.
Apple deserves credit for shifting their revenue base focus in the last year towards new and potentially ground breaking opprtunities in original content and distribution, and their inovative approach to marketing these services to a worldwide audience, should not be underestimated.
AAPL Last 188.16
THE_UNWIND 3/21/19 Mountains/New York
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Apple Close 195.09 +6.93
Confirmed Bullish Breakout, Above Daily Line/Break Resistance, and 200 Day Moving Average
Curious what you think about this ascending wedge on the weekly log chart. Perfect 5 waves up with 0.618 retracements of each up wave. Then an overthrow for wave 5. Significant move down broke lower trendline. Now we are looking right at a 0.618 retracement if we hit 199.xx for a near perfect B wave. Maybe when it looks this textbook it is doomed to fail! No position now, but it is ever so close to target to enter a short position.