$AAPL Apple Inc Stock is giving MEGA Bullish Patterns
Lots going on in this chart lets review:
1. I’m spotting a (marked in white). This could drop lower and tap the bottom trendline on the for a third time before reversing, however, it held the $135.50 support Friday indicating a higher probability for upside. The first target/ on the is marked in white horizontal line.
2. Diamond bottom pattern is forming. Any sideways movement will only mark the probability of this pattern higher for a breakout.
3. Inverse Head & Shoulder. IF THE reaches the first target and rejects, that will form another neckline to a inverse head and shoulder and the rejection could form the right shoulder. So far there is a more slanted that has currently formed on the chart, in addition, the selling is highest on the left shoulder indicating a textbook .
The RED bar marked near the top of the high is a GAP.
I’m adding APPLE to the top of my watch list for Tuesday morning and I will be observing these patterns closely for breakouts.