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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

    (click to enlarge)

    Stocks: AAPL
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  • thealct
    , contributor
    Comments (196) | Send Message
    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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