BUYBACK AAPL short if hourly price closes above 124.43

Apple Inc.NASDAQ

Description

⋅ Mar 12, 2015 5:53 PM

AAPL lost downside momentum and double bottom pattern emerged indicating reversal.
But it has stalled now after shaping the second leg.
Watch 124.43 or 123.90

Comments

matteo.broggini.1

⋅ Mar 14, 2015 1:52 AM

Nice chart,
Is there a reason the neckline is at 123.90?

aibek

⋅ Mar 14, 2015 5:43 AM

Hello Matteo!
Yes it's a rule, the neckline is located at the peak inside of W shape of double bottom.
Hope I helped you with my answer.
Best, Aibek

matteo.broggini.1

⋅ Mar 14, 2015 5:50 PM

Ty, i learned something new

aibek

⋅ Mar 14, 2015 6:00 PM

You are welcome, Matteo!