Tuesday, June 15, 2010

Apple Inc (AAPL) - Potential Breakout



If  you look at the above daily chart of Apple Inc, (AAPL) you will notice a rather large symmetrical pattern which is one of my favorite technical patterns to trade. Being that the move prior to the triangle forming was an up move, I will prefer to take an upside breakout.

A close above 265 in my opinion would be very bullish for this stock. Today Apple Inc. (AAPL) closed at 259.69 which is up 5.41 from Monday's close.

1 comment:

Bob said...

Does it need to have very large volume? What tgt do you have on a breakout?

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