Monday, August 03, 2009

AAPL - Update



A few weeks ago I was very bullish on AAPL based on the symmetrical triangle formation as well as the relative strength. As you can see AAPL continues to rally leading the NASDAQ higher. If you recall, I did exit my long position a bit too soon a few weeks ago. If any of you are still long this stock, I would definitely tighten up my trailing stop to lock in these large gains you may have. You can view what this chart looked like at the time of the entry by clicking here.

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