After making a great run in 2010, going from $190 to $270, AAPL has now settled and has been consolidating for past 3 months. As seen from the 3 month daily chart below, AAPL has mainly been trading between $240 - $270 range with a “Bull” Trap” occurring at $275. I do not expect AAPL to be in this state for a long time and thus we should soon see AAPL making another major movement.
At this time, it is difficult to predict the next direction. Therefore, I recommend we should carefully watch support at $240 and resistance at $270. If bears cause APPL to decline below $240, then expect a movement towards $220 with strong negative momentum. However, if bulls cause APPL to move higher above $270 or $275, then expect a movement towards $300 and with strong positive momentum.
Making The Most Of Unwanted Gadgets - It’s a safe guess to say that most of us have an unwanted gadget or two lying around the house. This could be a present we never needed or used, an iPod th...
2 months ago