APPL had an epic run as a company. After the late 2012, 2013 sell-off it was only right to have apple run back towards all time highs before finally fizzing out. Competition has set in long ago. Just like all good things must come to end so must Apple ride.
Short @ $96 Stop @ Close above $105 Target @ $67
Comments
Sultan_of_Stock
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It has begun
Ahmed-J
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Nice catch of the double top. Can you explain to me how you chose your stop?
Sultan_of_Stock
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I just don't want to be short APPL over $100. An extra 5% cushion so I don't get whipped out. If you picture the chart with APPL at $105 that looks more like a breakout so the double top and the theory would be wrong. I would want to be long APPL at > $100.
Sultan_of_Stock
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Just realized the volume increase is due to the split.