Apple $AAPL sports a bullish continuation pattern and breakout. The long-term trend is up, the stock held the gap zone and formed a triangle consolidation. A consolidation within an uptrend is a bullish continuation pattern and the breakout opens the door to a run higher. RSI dipped into the oversold zone (30-50) for a mean-reversion setup and shows signs of turning up. Bullish.
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-Arthur Hill, CMT
-Arthur Hill, CMT