Friday, December 25, 2009

Not sure about the rest of the Tech Sector but AAPL is doing just fine

...for now

AAPL -new high
trend=up
rev= 190.47; mid= 199.76

Recent low was 78.20 on 1/20/09.
Using fibonacci we see that AAPL had resistance at the 1.618% of 204.73. It tested that level for five weeks before finally closing above it this week. Next fibonacci level is 2.058% at 239.14 and 2.618% at 282.93.

Chart of AAPL:

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