octradr
Long

AAPL...A BIRD'S EYE VIEW

BATS:AAPL   Apple Inc.
167 4 0
I decided to do an analysis of APPL             on the weekly because the shorter time periods are starting to show too much distortion.

The neck-line proves over time that it has been a strong support and resistance zone. The other red dashed lines are just short-term lines. If these short-term lines are broken it just means that the prevailing trend has slowed and most likely will go into a consolidation phase.

Also note that the 13 day EMA is crossing the 25 and they are approaching the neckline support.

Another support which I didn't mark on the chart is the bottom of the long green candle going through the neckline. If the neckline hasn't held up sa well as it did I would have used this as my primary support. Now it's secondary support.

HAPPY TRADING!!!

Taking profit. 11/4
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Great time to enter into a long position. Good support around 478. 9/27/13
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It's under the neckline. Let's see how the week ends. 9/11
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I would say that the bulls regained the reigns if it closes over 502.
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