 The bullish reverse pattern shown implies that the rally that ended the week is bound for a minimum 421.63 — still somewhat shy of a major Hidden Pivot resistance at 430.58 that has capped AAPL’s bull market since mid-March. We’ll wait to see how buyers handle the resistance before we infer that new record highs are coming. If so, let’s be alert to the possibility that a marginal feint into record territory would fake out enough bulls and bears to set up a hellacious dive similar to one in IBM that I featured here a while back.
The bullish reverse pattern shown implies that the rally that ended the week is bound for a minimum 421.63 — still somewhat shy of a major Hidden Pivot resistance at 430.58 that has capped AAPL’s bull market since mid-March. We’ll wait to see how buyers handle the resistance before we infer that new record highs are coming. If so, let’s be alert to the possibility that a marginal feint into record territory would fake out enough bulls and bears to set up a hellacious dive similar to one in IBM that I featured here a while back.
MSFT – Microsoft (Last:407.19)
 Posted on May 5, 2024, 5:19 pm EDT
						Last Updated May 4, 2024, 10:51 pm EDT
						 
						Posted on May 5, 2024, 5:19 pm EDT
						Last Updated May 4, 2024, 10:51 pm EDT
						