Thursday, June 28, 2012

AAPL Weekly Bear Flag

Here's a weekly chart of AAPL, it has formed what appears to be a text book bear flag pattern; notice how the MACD barely moved during the bounce that formed the flag.  The flag measures to the low $500's, if this bear flag plays out, and AAPL pulls back to the low $500's, then I think AAPL will be a good swing trade long candidate for a year end rally. 

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