The Traderszone Network

Published in TZ Latest News 8 October, 2014 by The TZ Newswire Staff

The Noose Tightens on Apple

After a big advance from April to August, Apple (AAPL) turned dull as a tight consolidation takes shape. Notice that the Bollinger Bands are narrowing and a triangle is taking shape. The indicator window shows BandWidth below 5% for the first time since early July. This volatility contraction suggests that traders should prepare for a volatility expansion. Watch 103 for an upside breakout and 97 for a downside break. 

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