Apple Inc. (AAPL), Horizon Pharma PLC (HZNP): Two Fascinating Stock Charts To Watch

technical chart lookTaki Tsaklanos:  Breakouts and breakdown are fascinating. There is a huge amount of profits to be made in one gets the direction right.

In our section “breakout / breakdown”, we focus on getting fascinating charts which show how assets have arrived at an important “break point”.

Currently, we see two extraordinary interesting charts: Apple and Horizon Pharma.

First, Apple is trading a secular support, going back 3 years. Note on the chart how many times Apple touched this support level.

The more touchpoints, the more important a trendline.

It goes without saying that a break below this support line will have huge consequences.

So far, Apple is not showing signs of breaking down, so this could be a buy (with a tight stop loss).

apple_2011_May_2016

Horizon Pharma is another stock with a fascinating chart setup.

Note how a textbook example of triangle pattern is unfolding.

Watch $16 for a breakout which could push the stock sharply higher, at least if the Health sector pushed higher as well.

horizon_pharma_2011_May_2016

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