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I would wait guys, before you buy if you do. Short term chart indicates you will get a pull back. A double i don't know i was in AAPL at 40 before its monster runup. Now i would rather play other stocks that have 5-10 times potential. Right now AAPL isn't one of them. RCH, now thats 5-10 x potential.
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Mother,Originally posted by MotherLoad View Post
You are correct concerning the AAPL chart. Where do you think the bottom is?Comment
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If it's going to try and finish a cup with handles formation, then I don't think we'll see a pullback at all.
I see there being two bullish scenarios:
1) Apple will finish the cup with handle formation, thus no pullback and it will continue its way up to 200, or
2) It will indeed pull back to one of the fibonnaci numbers and then continue its run up
I also thought that it might be doing a pullback and breaking out of the cup will handle formation, but I was waiting to keep a close eye on it to see how these days unfold. So far today it is up, so I'm hoping that it will continue its cup with handle.
I know the market isn't the best right now, but I just have this feeling that with people getting their tax returns back, a $600 stimulus package, and Apple releasing the new iphone among the rest of their products, that their stock price should really start to go up.
My ideal situation would be for Apple to finish the cup with handle pattern, at which point they will release the new iphone (should be at about the right time frame), then have the stock price soar to about $280. Wishful thinking, yes, but one can always hope.Comment
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AAPL is going to release its earnings report on Tuesday, April 23. Do you guys think it will be positive or negative? Whatever happens, Tuesday is gonna be a huge day.Comment
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New-born,Originally posted by New-born baby View Post
I'm not greedy. Will sell at 200. No, wait, that will just be the end of right side of cup forming since Jan 1st.
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