Can the Apple Ipad and earnings report revitalize the tech sector? So far price hasn’t broken any previous lows and the move higher seems to be intact. Price has found support at the price objective for the move down on a lower time frame which is just above the first price objective for the move down on the daily chart. Price closed at 44.70 up 0.35. The pressure indicator is in the over extended location on the chart and is trying to turn up and apply upside pressure upon price. For price to restart the short cycle move higher it would have to go through 45.46 and then the first price objective would be about 47. Price has broken the uptrend line and price could move higher and track that line higher. There are a lot of tech stocks with charts that look very similar to this one.
Posted by tun705 
Trading One 
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