Apple Inc Daily (23.06.2014) Technical Analysis

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The Apple Inc (NASDAQ:AAPL) Daily Diagram Technical Analysis shows the following:

The AAPL share has made a long term development with the support of the trend line (light blue). This support line is over the KUMO, which means that the AAPL was bullish in long term. The weekly diagram shows bullish trend but an overbought RSI . The monthly is bullish too.

So the first think in mind is that $94.76 as you can see is a resistance daily local top. The stock in Friday close exactly on its lower low. MACD is bearish and RSI gets near 50. The volume is the usual (calculate the split).

We have no special candlestick pattern. The share is over the KUMO and the Kijun Sen (blue line) too. The last week decline cross down the Tenkan Sen (green line).

There is no special pattern. The fib from $73.96 to $94.76 shows a 0.764 correction at $89.85 first target.

So I think that the critical point is the Kijun Sen(blue line) for a possible reaction from there because the share brake the Trend Support Line and the Tenkan Sen too.

I think that in short term view we have a change of the trend to bearish towards to KUMO.
I do agree and I sold some, but will get back.
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