I noticed a few days ago how similar these 2 charts were.Baidu had a battle around 400 which eventually resulted in a massive breakout,while Apple is struggling with the 200 level.I dont believe a similar breakout is likely but we need to keep an open mind.The bullish weekly engulf is a warning to the bears,but I suspect the bearish 3 black crows pattern and the fact that the last 4 weeks were all inside weeks,contained within the extremes of the 3rd black crow, will prove too much of a headwind.6th March is a 1 year anniversry of the low for this move so a high this week would likely be significant.For those more bullish this week's low is an obvious stop-loss fo rlong positions.I believe Apple rallied on talk of a possible stock-split,which would enhance liquidity by attracting small investors.
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