Apple Jumps out of its Frying Pan

A candlestick pattern known as a Fry Pan Bottom looks to have formed in AAPL. Also similar to a bump-and-run reversal bottom. This pattern is evident in a slow curving pattern with it's lowest point typically near the middle of the move. The confirmation of the breakout move after a Fry Pan Bottom becomes a large bullish candle or a gap-up. This will usually occur near the high point of the beginning of the Fry Pan Bottom formation. Today's price action took the stock above it's 20 & 50-day EMAs and it looks primed to over-take the 200-day EMA. It looks to me like this stock might start to run on us. $160 here we come??