Apple (AAPL) released earnings this week. And weak guidance plunged stocks on Tuesday below $146. But within the day stocks rallied to closing price $161. This has been good entry point for long position. The weak downtrend has not been confirmed as share price resisted April's low.
Apple needs to move over a 3 week to regain upward momentum with target price $230-250.
Here is the link for the full technical analysis for Apple from Adam Hewisons.
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Wednesday, July 23, 2008
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