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AAPL, a classical cup with handle in the making

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Cobra
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AAPL, a classical cup with handle in the making

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$AAPL, I see a classical cup with handle now. A few more days of consolidation first would make the breakout more solid. Breakout now would be hard to say whether it's for real or not.
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Cobra
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Re: AAPL, a classical cup with handle in the making

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The breakout looks good although still could be a fake one so need give bulls a little more time. People are asking for the C&H text book target, well, it's around $172.
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Re: AAPL, a classical cup with handle in the making

Post by Cobra »

Doji on volume surge means distribution (doji on decreased volume means consolidation, two different things), so might be a pullback here first then we'll see.
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Re: AAPL, a classical cup with handle in the making

Post by Cobra »

$AAPL, do you see that the red bar gets wider and wider and the volume stairs up day by day? It's a sign of selling exhaustion so could be a rebound here first then we'll see.
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