Technician
Long

Apple: one more step to complete a bullish cup & handle reversal

BATS:AAPL   APPLE INC
1478 2 1
The price has been consolidating above the 200-days SMA , forming the handle for a potential cup and handle reversal formation, a breakout above the handle's resistance with rise in volume levels would be bullish

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tradeseek
3 years ago
Nice chart. I haven't been looking at AAPL for a cup and handle, but I kind of see a double bottom with the two bottoms in May and July. Waiting for a breakout of around $513. What do you think?
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Yes I suggest waiting for a momentum breakout, you have chosen a good level (previous high) a bit conservative though.
Cup with handle patterns are characterized as a continuation patterns, but I believe can work as a reversal too, watch for rising volume on a break
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