AAPL testing decade-old support

News of AAPL’s stalling growth has dropped the bellweather stock to a long term trend line that dates back a decade.  Below is the 20 year (logarithmic) chart, showing that trend line in what appears to be an enormous rising wedge.

2013-01-24-AAPL-LT_CHARTS

Here is a 5 year look at the AAPL chart’s more recent developments.

2013-01-24-AAPL-ST_CHARTS

It would appear that this may be a decent place to play for a bounce, but be very aware that AAPL is working on a 10+ year rising wedge, and may be in what Chris Kimble has called an “Eiffel Tower pattern.”

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