AAPL weekly - breakout of 2.61 Fib extension

11 Mar 2018

Each stock has its own rhythm, cadence and energy. Some hate to follow old swings' Fibonacci extensions, preferring to oscillate to smaller frequencies, while others reference key lows from months and years back. AAPL is the latter.

This is a very basic weekly chart overview. You can see the AB 1.61 level was respected for months in 2016, and now the 2.61 level has been broken to the upside after months of respecting that level as well.

I will follow up with a daily chart for price targets on a zoomed view.