Did APPLES’ chart foretell the drop in share price ?
posted in: Apple, Technical Analysis, Technical Chart Analysis | 0
Did APPLES’ chart (AAPL) foretell the drop in share price ? Does it still ? Technical Chart Analysts would probably say yes. The chart below shows a two year long Inverted Cup and Handle pattern, with the handle represented by the upward diagonal channel on the right side of the chart. When the share price broke below the lower support line of that channel, AAPL shares dropped. Some would say that that ‘s an easy call to make now, but it didn’t prove itself out until the share price fell. But the point is that once the share price fell … Continued