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livermore4ever

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livermore4ever

Re: None

Wednesday, 08/25/2004 3:17:10 PM

Wednesday, August 25, 2004 3:17:10 PM

Post# of 396422
AAPL – Technical Projection to $36

This is only a little update to my last Technical Analysis on AAPL.

AAPL is trading an Ascending Channel, over the last 2 weeks, it was testing the bottom of this bullish pattern, and today it breakup the descending short term resistance line.

My chart for this Analysis:
http://globalspeculators.com/trading_futures/index.php?topic=54.0

This is a very bullish signal, taking in consideration it’s mid term ascending pattern.
This time, and analyzing the pattern, I expect the breakup of the year highs on the short term, and the continuation of this rebound till the $36 level, which is the top of the channel…

Any opinion on this ?

Best regards,

Jesse Livermore
http://globalspeculators.com
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