goodguy

AAPL daily log: follow up on previous observation

NASDAQ:AAPL   Apple Inc
368 3 1
About a month ago I posted that perhaps AAPL             had topped out. It was 127 at the time. It has now broken the long term weekly uptrend line from 2003 (see previous post). It is now at the more current channel uptrend line so it will be interesting to see what happens from here. A positive reversal has developed in the RSI so if my count is wrong then this would be a good spot for a bounce. Take care. Goodguy
Why is 133.25 significant? Kinda new to this :D
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I used this level because of my "working" EWT count. That is the level I have marked 1 of the last 5 waves up. Also at this level the uptrend channel line will be broken. Interestingly the drop this morning stopped right at 113.25 then reversed.
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vives goodguy
interesting thanks I hope it holds !
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