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APPLE COMPUTER
(AAPL-Nasdaq):
Technical Viewpoint: From a low
of $32 1/2 on Mar 24, 1999 prices
rallied, reaching a
high of $38.31
on Apr 6, 1999. A
decline saw prices pull back, reaching a
low of
$33 1/2 on Apr 19, 1999.
Another rally saw prices penetrate
resistance, closing 4/23/99
at $39.19. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 23, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $34.00. Resistance: Is at $40.25.
Point & Figure: Reversed to the upside on Apr 22, 1999. A P&F upside
reversal takes place at $36 3/4. Summary: Technical indicators have turned bullish. BUY! APPLE COMPUTER
(AAPL-Nasdaq) @ $39 1/2 Stop: Use a protective stop of $36 3/4.
APPLE COMPUTER is currently trading @ $39.19 plus $2.81 on Apr 25, 1999. Price Objective:
$56.00. Risk/Reward: $2 3/4 VS. $19 1/4. Today's Risk Reward Ratio: 7:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$56.00
Risk/Reward:
$2 3/4 VS. $19 1/4
Risk/Reward Ratio:
7:1
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