Tag: Support becomes resistance

Apple (AAPL) Shares at Important Level

January 17, 2013January 18, 2013 5:25 PM alphatrends Articles, Education, General Blogs

Support broken tends to act as resistance. The video below of $AAPL takes a look at the scenario of failure from these levels and a potential “bear trap” reversal.

What Does Apple Tell Us About the SPY?

November 1, 2012 6:53 PM alphatrends Articles, Education, General Blogs

Support broken tends to act as resistance. That is a basic concept of technical analysis and after $AAPL broke support ~655, the stock sold off to ~625 and then rallied back up to that level of prior support. Sellers quickly came in and took control of the stock in that prior support area and the … Read More

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