The Cup has formed, now we can wait for the so called handle to form with a meaningful pullback to 106. after which a break above 112 could be a strong buy. Confluence of several factors to support a long thesis. 1. Cup and Handle breakout 2. Close over 200SMA 3. Breakout of that green down trending line.
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swing_trader42
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ok this is heavily manipulated stock. just when its about to break over 200SMA the Nikkei report comes out with a iphone production cut rumor/report. so classic, same report last quarter before earnings.
this is a failed attempt to breakout.. if I'm already long i'd be getting out here.
this is a failed attempt to breakout.. if I'm already long i'd be getting out here.