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Technology Stocks : Apple Inc.
AAPL 278.76+0.3%2:05 PM EST
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From: Henry J Costanzo12/14/2013 2:22:17 PM
4 Recommendations

Recommended By
clean86
Doren
MGV
mw1

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TA weekly update #2..

There are no active measured moves from any continuation patterns, and past couple of weeks have seen the stock fluctuating within the major resistance area of 555-590ish..Should meet some support here around 555ish, failing which next support area should show up at the last accelerated uptrend line. In the coming week, that would indicate 541-646ish.

Of considerable interest during the coming week will be whether, as the chart is suggesting, a bullish flag..or pennant.. may take shape…Completion, of course, would signal a substantial extension of the advance from the Nov low.

More experimentation with color scheme of chart…Don't like it…including any use of Japanese candlesticks…and I am strongly inclined to return to the status quo ante…vbg
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