The chart is a 3 box reversal Point and Figure chart.
The chart is based on daily high and daily low prices.
The chart is a 2% logrithmic chart, ie each chart box represents a price
change of 2% of the value of the box above or below it.
Four possible resistance prices and three possible support prices are
shown, as well as the support/resistance lines.
A 'resistance' or 'support' point is a price where an issue's upward
or downward price movement may 'stall'. The ultimate result of the 'stall'
may be either a continuation or a reversal of price movement, depending
on whether there are more or less sellers than buyers at the specific price
AAPL is trading in the middle of an overall bullish trading channel.
The current AAPL p&f analysis signal is a 'buy' signal. AAPL is in
an uptrend column ('X') after having reversed direction at an intermediate
bullish support line (blsl). The current vertical count price objective
is $63.75. Upside resistance may be seen at points R1 thru R4. Downside
support may be seen at points S1, through S3. Support point S3 must
hold at the Overall Bullish Support Line (BLSL) to preserve the overall
bullish trading channel.