Home > Apple, Candlestick patterns, chart of the day, heikin-ashi, Japanese candlesticks, Modified japanese candlesticks, NASDAQ, NASDAQ Composite Index > You Can’t Stretch the Rubber Band Too Much
You Can’t Stretch the Rubber Band Too Much
April 18, 2012
Again, the typical heikin-ashi setup on this monthly chart:
- Price: the best scenario would be to finish the month at the historical high (less probable)
- Heikin-ashi: still bullish and roaring (we also know that this chart is lagging at reversal points)
- haDelta: self-explanatory and far from rosy
Conclusion? Let’s forget about AAPL for some time.