Browse Stacks: Patterns: Pennants: aapl1.png

After a strong performance in August of almost 10% Apple Inc. (AAPL) is consolidating in a narrowing range which looks like a bullish pennant pattern and which is now building upside pressure at 103 resistance. If breakout occurs in the coming days -- what current pattern suggest we could see acceleration of prices toward 104-106 range. Pennant pattern support trend line should be used as initial stop while target is projected with Fibonacci extensions.