Wave analysis (if my count is right) suggests AAPL will continue to retrace to the current supporting trend line to around $111 before returning to an uptrend. MACD, RSI and Stoch seem to support this theory. Last year, AAPL was basically static through Black Friday. It appears this year could be a replay.
Disclaimer: I'm learning Elliott Wave and starting to test my analysis. This is for educational purposes only.
Definitely some tricky counts on this chart. Especially in Primary wave 3. Nevertheless, I think we've entered wave 5. And, if it holds to the tendency of wave 5 to be roughly equal to wave 1, we could see $25 somewhere around Feb 14.
But, then again,...
Trying to get a clear sense of where HD's stock wants to go next. This analysis is for an assignment in a class I'm taking and should not be considered a valid analysis. Only publishing it so I can share it with my instructor.
Feedback and comments are welcome.