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AAPL Testing Decade-Old Support

|Includes: Apple Inc. (AAPL)

News of AAPL's stalling growth has dropped the bellweather stock to a long term trend line that dates back a decade. Below is the 20 year (logarithmic) chart, showing that trend line in what appears to be an enormous rising wedge.

Here is a 5 year look at the AAPL chart's more recent developments.

It would appear that this may be a decent place to play for a bounce, but be very aware that AAPL is working on a 10+ year rising wedge, and may be in what Chris Kimble has called an "Eiffel Tower pattern."

Disclosure: I am short AAPL.