Apple is trying its best to recover to its former glory, as its been trading in a sideways range for the past 6 months, sitting nicely between $390 and $460, which just so happens to be the Fibb retracements of 50% and 38.2% of the 5year rally to its peak. This behaviour gives us a lot of confidence in the numbers for this share. Thus on the nearer term we are testing the $460 level, and close above $465 should kick the share price up to $510 mark.
Showing posts with label Apple (APPL). Show all posts
Showing posts with label Apple (APPL). Show all posts
Monday, 5 August 2013
Apple (APPL) on the move again
Apple is trying its best to recover to its former glory, as its been trading in a sideways range for the past 6 months, sitting nicely between $390 and $460, which just so happens to be the Fibb retracements of 50% and 38.2% of the 5year rally to its peak. This behaviour gives us a lot of confidence in the numbers for this share. Thus on the nearer term we are testing the $460 level, and close above $465 should kick the share price up to $510 mark.
Subscribe to:
Posts (Atom)