traderCarl
Long

AAPL the 1/2 Gann Fan possiblenext support area to Bullish trend

BATS:AAPL   Apple Inc.
179 0 0
I'm no expert in the Gann Fan , but it seems apparent to me that the initial APPL             thrust upwards ( the 1/8th line) from the weekly double bottom is weakening... getting first resistance at the 1/8 line, then support at the 1/3 line.. however that now has recently failed as support at the end of 2013. (Box on Chart) So, the question is will the historical pivot line on AAPL             line act as support, at approx. $523.75 or will price need to drop to the next weaker uptrend, the "1/2" Gann Fan that should act as the new support. The next few weeks will determine that. I would put the most faith in bullish bounce happening at the 1/2 Gann Fan , not the dotted Red support line.
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