Watching for Apple to Punch Through
Sometimes it just seems like Apple (AAPL) is the center of the stock universe. That's why I look at the daily and intraday charts of it every single day -- and, when I need to do so, a weekly chart as well. Well, Apple's decline from its April 10 high did give me a reason to back up and look at a weekly chart, so I could work on identifying possible support.Apple (AAPL) -- Weekly Source: Dynamic Trader View Chart » View in New Window »
I'm still confused about the $522.18 print that was seen on the daily charts for May 18, but never showed up on my intraday charts. I'm seeing $528.66 as the "actual" low made on May 18. But, regardless of what the actual low "really" was, that level essentially came within key weekly support that I've illustrated on the chart above....365 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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