Long AAPL for a Trade

Posted on Friday February 26, 2016

I am a buyer of $AAPL above 97, with a stop at 95.25. Target is 105.39. Technical thesis below.

Appears to be forming an inverse H&S on the hourly chart for a counter trend rally. The higher low here in what appeared to be a descending Triangle is the clue.

There is finally some technical evidence this one wants to bounce.

Honor the stop and the target!. 

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