TECHNICALS : LOOKS like AAPL is breaking out from the downward trendlines. Heavy volumes are showing up meaning that a bottom is near. I think AAPl will blast out of 122 to 130 area in no time. All the Technical conditions favorable, oversold stochastics etc.
apple affirms iphone target??? big deal, props the stock up 5 bucks, they were in need of some news to keep the stock up after dropping 80 bucks...
anybody have an idea on how high AAPL might get? ive held hoping for a bounce but i dont know what point would be best to get out at yet.
AAPL broke out from the trendline on heavy voulme and went up to 131 and closed down to 129 today on Feb 28, 2008. That is how Technical analysis works. See my post above.
AAPL will rise upto 140 area and meet its 200 day moving average. Thats the biggest hurdle it has. The shorts will do everything to keep selling on small rallies, all the way up to 200 day line. It will be a heroic journey for the stock.