AAPL is trapped in a Rising Wedge formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a support line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start of a new trend. It may also be that this convergence factor may result in the ideal setup for swing traders that are on the lookout for a possible bounce-back. Whatever happens, an initial move towards 251.5110 is expected in the short term.
Related Posts
If AAPL touches 207.0400 it may be time to take action.
AAPL is en route to a very important line that will be a definite deciding factor of what…
Is the extremely large movement on BRK.B a sign of things to come?
BRK.B has experienced an extremely big movement in last 35 days. It may continue the trend, but this…
Because XOM formed a Channel Up pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
XOM is heading towards the resistance line of a Channel Up and could reach this point within the…