Wednesday, July 23, 2008

Technical analysis for Apple.

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.

Comments

1 Response to "Technical analysis for Apple."

online stock broker said... July 28, 2008 at 6:06 AM
This comment has been removed by a blog administrator.