Monday, January 14, 2013

Charts of AAPL to keep an eye on

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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