AAPLTalk QuickTake, 8/28/13 Market Close: AAPL Bounces, Lightly, Near a Quintuple Confluence Zone and Establishes a (Temporary?) Parallel Channel

Yes, they’re three non-div-adjusted moving averages (since AAPL doesn’t get the benefit of the doubt, I primarily go with those numbers since they’re higher), but combined with an established support/resistance level and a useful price channel sub-trendline…you don’t normally see so many points/areas of reference so close together.

AAPL saved the 485ish battle of the bulls for another day.  Meanwhile, in addition to a new parallel channel, at least for now, what do we have?  Time for another QuickTake through the charts.

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