AAPLTalk, 10/21/13 Market Close: Two Pictures, Not a Thousand Words

Readings are overbought, but AAPL’s on a bullish tear with confirmed breakouts based on the descending channel, inverted head and shoulders, and making a new intermediate trend high.  Take my commentary with blocks of salt, but I can’t help but notice that all three “breakout types”, all related to today’s action, took several weeks to happen.

Long story short:  Chart’s looking really strong, though rest or retrace would seem increasingly due sometime soon.  (But maybe that’s just blah stocks like AAPL – not momo favorites like NFLX.)

Zero-commentary charts after the jump.  Very convenient that they speak for themselves anyway – my Oppenheimer Code posts are a lot of work.

Hourly chart:


Daily chart:


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