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Registered User
Joined: 12/2/2004
Posts: 1,775
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one way or the other. Now in tight daily range and pretty symmetrical triangle.
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Registered User
Joined: 3/14/2005
Posts: 20
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It reports its earnings tonight (July 13, 2005) doesn't it? If I were to make an educated guess, I'd say those earnings would probably make a good catalyst to make it break one way or the other.
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Registered User
Joined: 12/19/2004
Posts: 457
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I've been watching the same thing.
I suspect that AAPL will continue the downtrend.
Despite positive numbers, people remain skeptical of the future growth in earnings. I suspect this will continue to trend down to around 27-30.
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Registered User
Joined: 3/14/2005
Posts: 20
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Well, AAPL just gapped to the upside. It would have been nice to have been in on the move. Oh, well!
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Registered User
Joined: 12/19/2004
Posts: 457
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Obviously, the technical picture for AAPL improved considerably with today's move.
The action for today on the candlestick chart, however, seems to show some weakness. The real body (open-close) is towards the lower end of the range, around 40. That level has been key resistance for AAPL for the past few months.
It will be interesting to see how AAPL behaves in the next few days. If AAPL closes the gap, I'll have to re-evaluate it.
If it remains steady at 40, I'd think it is worth a buy.
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 Gold Customer
Joined: 10/29/2004
Posts: 45
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What a great call!
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Registered User
Joined: 5/17/2005
Posts: 221
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I picked up an the wedge formation only .. broke out on good earnings annocements .....
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