swing_trader42
Long

Cup and Handle pattern in the making..

NASDAQ:AAPL   APPLE INC
35 1 1
The Cup has formed, now we can wait for the so called handle to form with a meaningful pullback to 106. after which a break above 112 could be a strong buy.
Confluence of several factors to support a long thesis.
1. Cup and Handle breakout
2. Close over 200SMA
3. Breakout of that green down trending line.
ok this is heavily manipulated stock. just when its about to break over 200SMA the Nikkei report comes out with a iphone production cut rumor/report. so classic, same report last quarter before earnings.
this is a failed attempt to breakout.. if I'm already long i'd be getting out here.
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