A Technical Basis for the Apple Trade
One new position yesterday was in Apple (AAPL). This is one I trade quite often, but there was a technical reason behind my entry, more than just recent strength in shares and the psychological move I believe to be taking place.
Looking at the chart of Apple, I see a very pronounced cup-and-handle pattern, with yesterday's move being the breakout. Generally I prefer my cup-and-handle patterns to be a continuation of a move, and this one acted a bit more like a consolidation....412 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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