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Saturday, October 20, 2012

AAPL 6 month




This is a brief alert on Apple Inc. (AAPL), there was major technical damage on Friday 19-October-2012.  Congratulations if you put that stop at 660 on AAPL If you took notice on my 2-September-2012 posting.  It looks like it's going to retest the 600 mark; however, taking a closer look,it broke through Tier 1 support of $622.57 on 1.6x volume.  The other technical damage was that the bullish Trendline uptrend since mid-May has been violated.  The prudent trader would probably sell on any upticks and look to re-position themselves at either Tier 2 support of $567.71.  

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