AAPL / Apple - Idea I.

Hey guys,

Yearly Chart: Bullish Engulfing
-> Showdown Zone at 228-246 (138.2 &161.8 Fib ext.)
200 Being the First Resistance and 210 the second.

Quarterly: Candle is bullish
-> broke through the ascending triangular pattern and closed above bullishly

-> moreover 210 has been broken and 220 has been tested. -> Some profit taking would be logical but is not necessary since 228 can be seen as the first "real" target. But we will see … 3D chart will show.

-> Stochastic Ind. is OB but pointing up. -actually it is still in a very bullish condition.

Monthly: Bullish close but long shadow.
-> Stochastics has turned up after forming a double bottom
-> Target of 210 has been reached so Monthly traders might take profit as well.
-> looking for Bullish entries after a correction towards 200-190 area.

3D: trend is up with Stochastic turning down
Trendline still bullish


thanks for reading…