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AAPL Update – Love/Hate Battle Continues

Posted by nexvucapital on February 7, 2013

Further to our January 25th note on AAPL, the share price did find support and is now heading upward in its current downward channel. This morning, the shares traded to just beneath the overhead gap ($465.00) and turned back down. An entry into this overhead gap should warrant a fairly quick move toward the top boundary of the downward channel. Any move above the current downward channel would signal a reversion upward toward the mean (toward the previous long-term upward trend channel). Remember, all Love is a Sell and all Hate is a Buy and AAPL is in the middle – Love/Hate.

AAPL Weekly - February 7 2013

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