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Re: Dan321 post# 89166

Wednesday, 05/30/2012 6:02:56 PM

Wednesday, May 30, 2012 6:02:56 PM

Post# of 147127
Yes it has broken the trend. Apple is showing bullish indicators on the daily but I do not think this will be the continuation of the next run. The weekly chart suggest that it could still fall lower.

What's important is to see if it breaks the 50ma and closes above it. If it does, that would be a strong move for Apple and could cause a nice pop. Again, I still think this will be a temporary run.

Everything I post is IMO. Trade at your own risk and good luck moving forward!

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