AAPL long at 50% fib from 09 bull run with support

24 thg 4, 2013

Long trade from a touch of the 50% fib retrace of the 2009-2012 bull run. This looks like it is also hitting a place of previous supply and thus support. Stop loss placed just after supply zone and a 4:1 profit target sitting just within the start of a demand zone above. 3:1 might also be valid. Thoughts?