Deja Vu

Really! This time is different?

Check these past post, "How Long Can This Last?" and "Here's When It Got Started ... SP500 1250" then ask yourself is this time any different than the past...Deja vu!

Possible Trend Change For AAPL

If one compare the current AAPL price chart to the chart posted in "Chronicle Of A Trend Change", one can see many similarities. If AAPL breaks above 445 and move to test the resistance near 470, then it will have complete the higher-high, higher low pattern that define an uptrend.

AAPL Daily Price Chart
(click on the chart to get an enlarge view)

Levels To Watch For AAPL

AAPL has displayed some bullish price action and could be setting up to reverse to an uptrend. The near term key resistance level for AAPL is 445. If it can break above the 445 level, then look for it to possibly move up to 465/470 level. An inverted head & shoulder price pattern will be formed if AAPL move above the 470 level, and the projected measure move price target from this price pattern is near the 555.

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Disclosure: Long AAPL