Chart Analysis » AAPL http://chart-analysis.com/stocks-etfs Trend Analysis for Stocks and ETFs Thu, 18 Aug 2011 20:36:10 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 AAPL Chart – April 13, 2009 – Pre-Market http://chart-analysis.com/stocks-etfs/2009/04/13/aapl-chart-april-13-2009-pre-market/ http://chart-analysis.com/stocks-etfs/2009/04/13/aapl-chart-april-13-2009-pre-market/#comments Mon, 13 Apr 2009 13:16:05 +0000 Alex F http://chart-analysis.com/stocks-etfs/?p=133 I charted Apple (AAPL) before the markets opened on April 13, 2009.

  • AAPL is hitting potential resistance at the point of its high where it gapped down in September 2008
  • AAPL is at the high end of its current trading channel, close to its short trend line of higher highs
  • Williams %R still shows strength, but that will be the indicator to watch this week to see if it breaks below overbought signaling a sell

Opinion = AAPL should take a break and dip some before breaking to new highs.  At a minimum I expect AAPL to slip to its 10 day moving average which is close to the short trend line of higher lows.  I also could see AAPL coming back down to what used to be resistance (line not drawn) just above $100 where the highs got snuffed in December 2008 and February 2009.  If AAPL comes down anywhere near $105 I’ll consider making it a buy.

aapl-chart_2009-04-09

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