Factor Update, November 16, 2024
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Apple has a long history of forming the Head and Shoulders chart pattern.
The monthly chart below shows the historical timing of the H&S patterns (yellow boxes).
The daily charts of each H&S pattern indicate the price targets, including the H&S top just completed on Sep 18, 2020. In most cases price far exceeded the chart target.
The point is this – pay attention when a H&S pattern is completed in AAPL.
Completed Sep 18, 2020
Completed Apr 30, 2020
Completed Jan 30, 2019
Nov 2, 2018
Completed Mar 1, 2016
Completed Aug 5, 2013
Completed Oct 12, 2012
Completed Mar 23, 2009
Completed Mar 24, 2008
Feb 6, 2006
plb