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Tuesday, July 24, 2007 

AAPLE with a big drop

Chart courtesy of stockcharts

AAPLE shares were down more than 6% today to 134.89$ reacting to AT&T Inc.'s initial sales figures for the iPhone. Today's ample ranging day (134-141) associated to the negative divergence of MACD in coincidence with the relative high printed indicates that lower prices should be ahead. The stock should move down to retest lower supports 132$. Keep an eye on AAPL tomorrow for a possible breakdown of this support.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. Have a nice evening !!!

AC

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SWC down another 8.25% today. In the past three days it dropped a total of 20%. SWC is the only palladium and platinum producer in the US. Palladium and platinum are very important precious metals that see price trippled in the past three years. This is a stock with extremely bullish fundamentals and this may well be the CAPITULATION event where you get an excellent entry point. See my analysis of the SWC fundamentals.

Hi Friend !!! I agree with you, I think AAPLE will go down again until 127$.

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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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