By Andrew Nyquist
Below is an updated chart for Apple (APPL). The ball is still in the bears court.
Three things that both bulls and bears need to be aware of:
1) The downtrend line at about 640 and falling
2) The head and shoulders breakdown pattern that measures to around 600.
3) The 200 day moving average at 582 and rising.
Trade safe, trade disciplined.
More Charts here.
Apple (AAPL) stock chart as of October 22, 2012. AAPL technical support and resistance levels with trend lines and technical analysis. AAPL head and shoulders pattern price target.
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No position in any of the securities mentioned at the time of publication.
Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of his employer or any other person or entity.