I see two possible scenarios with the bull flag playing out in Apple:
1) Bull flags all they way back to support and then bounces up to $510 then $540
2) Holds the 20-day moving average and then breaks through $490 for a move to $540.
There’s a lot of emotions in this stock right now and folks are trying to position themselves for the next big move inApple (AAPL). I’ve been pretty much spot-on with my recent analysis in this stock over the past few months – so we’ll have to see if I’m proven right again.
Here’s my technical analysis on AAPL:
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