Trading idea for Apple Computer Inc. (NASDAQ)

Apple Computer Inc. (NASDAQ)

#AAPL

The trend is upward. The stock is trading between the 365 EMA and the 135 EMA. The downward wave pattern is truncated. The Awesome Oscillator shows a bullish divergence, while the Stochastic Oscillator indicates oversold conditions.

Trading idea:

Buy upon the formation of an upward wave pattern.

Stop Loss: 315.00.

Target levels: 321.86; 326.50.