Apple: Holding Up Like A Champion
I’m more than happy with Apple’s price action since the correction began a few weeks ago. It’s holding 190 like a champion, showing that institutional buyers are making a noble stand at that level. However, the chart still looks moderately “broken”, raising the odds for a downswing that fills the gap at 175. That’s also the price level of the 200-day EMA.
February 7, 2010
• Posted in: TA
Leave a Reply
You must be logged in to post a comment.