Using GANN Lines to study price action of AAPL

Using GANN Lines to study price actrion of AAPL

The image in this blog is a weekly chart of Apple (Q:AAPL). Gann lines have been applied to this chart using the highs of Sept 17/2012 week as the starting point. In late November there appeared hope that AAPL would try to get above the 1×1 descending line, but that hope has faded now. The 1×2 line is guiding price lower. Only a near term move to above the $540 level would see an end to this downtrend…

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