djflowmaster
Short

AAPL looks bearish & could break to downside of 120

NASDAQ:AAPL   Apple Inc
Looks bearish here as it has b/o to the downside of the intermediate upward trendline from 4/14'. It also just had an outside bearish engulfing week 2 weeks ago and has been trending lower as it is testing major support lvls. Also has been in a consolidation range for almost all of 15' & can't seem to break out to new highs which this consolidation could actually be distribution. if it breaks thru the next support pivot lvl             . at 120.39 which is the .23% Fib ret. lvl             . from the 4/14' intermediate trend then it could be headed lower and start a new bearish trend w/ a tgt             .#1=115 & then tgt             .#2=111.64. Lvls. to watch also are the 200 dma at 120.21 on the daily & 119.22 which the most recent lowest pivot support lvl             . As always watch volume for confirmation.
All targets hit with this one.
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