Sunday, April 15, 2012

AAPL Top?

Posted below is an update to the chart posted here a few weeks back.AAPL popped briefly over the upper channel line but appears to be reversing from that presumed resistance area.
The next chart shows a confluence of two different fib projections to the 640 to 660 area, but I wouldn't be surprised if went up again and topped at 666 (which is the price the S&P bottomed in 2009). The high so far is 644 on 4/10/12. Potential targets are noted on the first chart above. Kim Rice 4/15/12

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