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Apple – Three Time’s the Charm
Tuesday, October 16, 2012 23:52
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Apple $15 plus bounce today comes after a triple test of the $623-625 level. The stock seems to like the triple test of support as it similarly did after the July sell-off. The stock, in our opinion, still needs some technical healing (ala Marvin Gaye) before we get too lathered up on the trading side. We are long the stock with our finger on the trigger, however.
A close above $680 would negate the head and shoulders pattern. Stay tuned.
P.S. We were at the local Verizon store to purchase a new iPhone5. They had just a few in stock with no white phones. Three week back order.
(click here if chart is not observable)
2012-10-16 23:21:39
Source: https://macromon.wordpress.com/2012/10/16/apple-three-times-the-charm/
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