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Strategies & Market Trends : Classic TA Workplace

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To: stock bull who wrote (176867)4/18/2009 5:13:09 PM
From: Henry J Costanzo  Read Replies (1) of 209892
 
AAPL...Daily chart...

In addition to the major R areas shown on the weekly chart, the only other overhead R area...and a less substantial one.. would appear to be the 125-135 area. Stock now at the edge of that area, so some deceleration and/or pullback may be likely here...possibly back to the 200dMA..now about 116..and perhaps undercutting the UT line from Mar, which is exceptionally steep..

My "measured move" 130/136 targets.. from the iH&S and the pennants... fall roughly within the projected next overhead R area..
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