Technical analysis for Apple.
Posted on Wednesday, July 23rd, 2008 | In Market Commentary, Stocks to Watch
Contributed by: Vlada Kynsky (http://stockweb.blogspot.com/) -
Apple (AAPL) released earnings this week. And weak guidance plunged stocks on Tuesday below $146. But within the day stocks rallied to closing price $161. This has been good entry point for long position. The weak downtrend has not been confirmed as share price resisted April’s low.
Apple needs to move over a 3 week to regain upward momentum with target price $230-250.
Here is the link for the full technical analysis for Apple from Adam Hewisons.
Last 5 posts by Vlada Kynsky
- Jim Rogers about commodities, China and others. - October 25th, 2009
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- How to invest in gold. - July 11th, 2009
 About Vlada Kynsky (http://stockweb.blogspot.com/)
Vlada Kynsky studied economics and gained work experience as SAP analyst in information technology. His origin is in Czech Republic but due to different work assignments lived in many European countries. He explores mainly emerging markets. In his research he focuses on ETF and international stocks. Another area of interest are technology stocks. |
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