Apple Inc (AAPL)

[roni]

I have been watching AAPL's cup and handle form, with some help from more technically oriented friends.


http://www.cnbc.com/id/24994513/site/14081545

Scott Redler, a market technician with T3 Capital, says he sees some important signals in the charts of some of the major tech names. "Basically, big cap tech looks good right now," he said. Of course, other fundamental factors could affect these trends, and there's no guarantee they will perform as expected.


"Apple has a perfect cup and handle formed. That's one of the most accurate bullish formations in the stock market as far as technicals are concerned. The first buying point was triggered today," he said. If Apple crosses above the $189 to $191 range on heavy volume, it could move up to $250 or $260.