Cup & Handle - Apple Inc. (Public, NASDAQ:AAPL)

AAPL gapped up and rallied for the first hour, then consolidated the move with a shallow, rounded retracement, which ultimately formed a C&H base with NR7 (NRIB) as the trigger. Enter long on break of base or outside bar (OB). Use the OB as your stop. Since this is a chart pattern, we place our fibs from the low to the high or base of the pattern. On a measured move basis, the expectation is a 100% move.

I took a partial after three consecutive WRBs as price came into the 50% FE. Once price closed well above 50% FE, I tightened stop to previous bar low and I got stopped out. Price eventually tagged $152 which was just 20 cents shy of measured move target.

INTC retraced into the r-zone of the last leg up (previous day) and managed to close back above MAs for another extension of the earnings gap. I closed the position when it printed a red star. The thing about slow moving, low priced stocks, is not giving too much back.