Friday, August 16, 2013

Apple - Good Turn around, 9% return in 10 days.

I had covered apple story on 06, May 2013 as per below link. Expected "Apple" to turn around after consolidation and give a break out above $460.
 
After 3 months of consolidation, on 05th August 2013 apple gave a breakout above $460 and given a good entry for investors to buy Apple business.

 Post breakout apple did $502 as of today and can do 510-520 as part of triangle targets which will be a return of 13%.

As of today in 10 days Apple gave a return of 9%. Isn't it a good return from a great company in such a short period of time.

Technical Analysis is a great tool to pick best business across the globe to make money with good risk reward. we waited for 3 months for Apple to give a buy signal and the moment it gave buy signal there you have 9% return in just 10 trading days.

Here is today's chart showing how this analysis worked which was predicted 3 months back.

Prediction on Apple 3 months back :- https://www.facebook.com/photo.php?fbid=10152332933301002&set=gm.544242402283534&type=1&theater 

Apple


Apple

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