Apple was testing 20 & 30 year resistance lines as support for the first time ever on 3/7 (see post here) The Power of the Pattern reflected this could be very bullish for Apple. Since that support test Apple has added over $60 a share to its price.
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It will be interesting to see how the market treats Apple now that a dividend has been declared. Some will ask if this old saying is at hand for Apple…Buy the rumor and Sell the fact at hand here? Near vertical support comes into play in Apple around $565 per share.
Would want to keep a short-term protect stop just below these levels, due to the action this morning Apple announced.
