Apple reaches $500 Power of the Pattern target…Time to do a little harvesting?

The Power of the Pattern reflected that Apple could run up to $500 on a breakout of resistance- (see post here)

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Newtons laws of gravity hasn’t worked to well on Apple of late. Apple was at $358 when the chart above was made and today Apple has traded as high as $496 a share. APPL is up over $70 a share since the last post/breakout above line (1) above.

An example of why it can pay to follow breakouts!

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Apple is now reaching the top of its rising channel…A bad idea to harvest some gains right now? Could Apple at resistance impact the broad market?

2 Comments

Chris Kimble on 02/09/2012 at 2:03 PM

Pod…
Awesome! More important than my line!

Thanks for sharing and your viewership,
Chris

podtworca on 02/09/2012 at 1:48 PM

Apple is reaching something else:

http://4.bp.blogspot.com/-nElHWPUIyBk/TzP3tsmLmVI/AAAAAAAADUo/Qbl-aPwULXM/s1600/aapl_us_w_12_02_09.png

What do you think?

Apple reaches $500 Power of the Pattern target…Time to do a little harvesting?

2 Comments

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