April 30th, 2013: AAPL Wave Count Update
Posted by pugsma on April 30, 2013
2:45 pm EST: AAPL price is following the primary count targets very well. I had a wave (3) of minor 1 of major [1]-P5 target at 442 and so far today AAPL price has reach 445.25. I’m looking for AAPL to consolidate in wave (4) above the iv-(3) low of 430, before wave (5) of minor 1 reaches the 450 to 460 target area.
Notice on the daily chart that AAPL price has now rallied above the falling 50-day SMA (433). Also, the 13-day EMA has turned up an is now rising at 419. A cross of the rising 13-day EMA (419) above the falling 34-day EMA (427) would indicate a significant trend change.
Also notice on the weekly chart that the MACD histogram is starting to print a positive bar and the MACD could go bull-cross from an extremely over-sold level. This is another indicator or potentially significant trend change.
AAPL 15-min chart (EOD):
AAPL 60-min chart (EOD):
AAPL Daily Chart (EOD):
AAPL Weekly Chart (EOD):
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