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  • Upside Coming: Inverse Head And Shoulders Triggered On AAPL 1 comment
    May 9, 2012 12:20 PM | about stocks: AAPL

    Apple Inc. (NASDAQ:AAPL) is trading higher today. The technology mega player is trading at $571.12, +2.94 (+0.52%). An inverse head and shoulder pattern has triggered on AAPL and may be telling us of further upside. While a head and shoulder pattern is bearish, an inverse head and shoulder pattern is bullish. Note the chart below. The target on Apple is $584.00 on this pattern. In addition, should Apple run to this target, the market may fully recover from the losses today and move into positive territory.

    Gareth Soloway
    InTheMoneyStocks.com

    (click to enlarge)

    Stocks: AAPL
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    Until the Volume improves 20-25MM, all bets are off. No wonder Bears are in Full Control with double digit swings. Disclosure - Long
    9 May 2012, 03:21 PM Reply Like
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