CLICK ON CHART TO ENLARGE
For 30-years parallel lines (A) above have created great price points to buy Apple at (2) and sell it at (1) in this monthly closing price chart (left chart).
As we close out the month of September, Tim Cook and Carl Icahn are meeting today to discuss Apple’s future business plans (Cook/Icahn Meeting)
On the day of the Cook/Icahn meeting Apple is… kissing the underside of 30-year resistance and is facing the 38% Fibonacci retracement resistance level at (3) in the above chart.
Resistance is Resistance until broken!!!
A break of these lines would be VERY GOOD news for Apple, from a technical point level! Can these two kingpins engineer a breakout of these key resistance levels? This is one interesting soap opera!!! (Apple Soap Opera)