Appendix A: BAsic investment decision mAking BAsed on chArt AnAlysisalso observe that the Chikou Span is above both the cloud and price. The RSI is also
trending upwardly and has not breached its own support line.
All this indicates that the current climate in which the stock is trading is still
bullish.
A.2.2 evidence for Maintaining That the Stock is
Bullish over the Long Term
Referring to a medium term chart as in Figure A.1, we see that the stock is cur-
rently testing a support zone around $500 to $520. The longer it stays at or above
fiGURe A.5 Point and Figure Chart of Apple Inc. (Medium Term).
Courtesy of Stockcharts.com
fiGURe A.6 Daily Chart of Apple Inc. (Medium Term).
Courtesy of Stockcharts.com