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January 25, 2013 at 10:50 AM EST
Two Apple Charts: After Earnings Day, Where Can Price Bounce?
We have been watching Apple (NASDAQ:AAPL) closely in recent weeks. In the wake of the company's strong reaction to Wednesday’s earnings report here are some signals and areas to watch as support and if there's a bounce as overhead resistance.   Our working Elliott wave count has had AAPL tracing out a 4th wave or perhaps the first part of a 4th wave. However price has recently poked below the channel boundary on a monthly timeframe as shown in the first chart and it has moved below the initial support range of 463-473 that we had identified. Probing beyond ...
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