Stock Market Chart Analysis
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
May 9, 2011
AAPL Triangle pattern
AAPL Moves closer to the apex of a triangle pattern in hour chart.
It looks like a descending Triangle So Breakdown of the support line should give a good short trade. One cannot rule out the upper breakout too.
Price has lost momentum, Breakout or breakdown can give good direction for the stock.
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