The following LOG chart represent AAPL stock for the past 30 years or so. You will notice that since 1985 , each time the stock a hits it upper resistance, it is followed by a brutal decline in stock price. The stock hit that resistance again in 2012 , can expect another big decline ? ( stock already down ~ 36 % from it's high).
Basically , don't try to catch a falling knife.
Cheers
Algokid
SOURCE : Original material publish by Mr. Kimble at Kimble Charting Solutions.
Basically , don't try to catch a falling knife.
Cheers
Algokid
SOURCE : Original material publish by Mr. Kimble at Kimble Charting Solutions.
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