mchjc's TA #3 illustrates possible support levels if Apple should fall further. Likewise, I hope we are in a consolidation phase at current levels.
But, likewise 548 and 518 are not strong support levels although I don't see, from the chart, 465 being a support area.
None the less, I remember, although many may not, my saying there is a big gap at around 420-430 level which according to TA, gaps get filled although Apple does not seem to follow conventional TA wisdom. No way was the response(not a direct quote).
Now, according to TA #3 post, 428 does look like a strong support. Stronger then 548 or 518. And, according to the chart, 428 is at the beginning of the gap. In order to reach that support level, the gap has to be filled.
Voila!!
Will it do that? Who knows. But the 428 level is now being mentioned in our conversations. Is there anyone who will now say no way? |
