I posted these charts quite a while while back showing the long term uptrend lines on AAPL in the upper $400's, say around $475 - $480 ish. clearly these trendlines are a magnet and price is being pulled down to them - AAPL is down -$20 this morning to $500. I think AAPL could be a low risk buy near those trendlines because a very tight stop can then be used i.e. if you are wrong, you stop out for a minimal loss
The first two charts are linear charts showing trendlines back to early 2009, while the third chart is a logarithmic chart showing a longer term trendline back to 2003
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