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Fresh Bounces: AAPL & CAR



May 11, 2011 – Comments (0) | RELATED TICKERS: CAR.DL2 , AAPL

Here are two more potential bounces as market still seems to have some momentum left in it.


AAPL - Formed a base after breaking off a downward trend channel. It's resting on the support of 50MA  while 20MA is crossing up and over. There's the potential it will get support from the market to challenge some previous high resistance. 


Here's the chart on AAPL


CAR - Avis Budget Group, broke out of a consolidation and pullback to test a solid support. It bounced up on Tuesday, and probably challenge 19.49 resistance the next day, a break of this resistance will confirm the up trend continuation.


Here's the chart on CAR

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