jamespwu

Apple needs to survive the weekly head and shoulders test

NASDAQ:AAPL   APPLE INC
69 0 1
11 months ago
Apple             has violated its more bullish uptrend around 110 a few week ago. (not counting the flash crash in late Aug 2015). Now, its forming a weekly head and shoulders pattern with the neckline around 105. On Monday, the stock showed relative strength to the market and covered the down gap from the opening. It would be interesting to observe if there is a bigger move in play around the resistance zone of 105 to 108 area. If you followed me on my last head and shoulders post on APPL             , the completed head and shoulders formation is now the right shoulder of the weekly head and shoulders pattern.
11 months ago
Trade active
11 months ago
Comment: Apple retested the 105 neck area on the weekly and is now trading below its previous high around 100 (pre-market). I like the short below 100. Mostly likely, the bigger move will come before and right after the earnings at the end of Jan. Good luck to all.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out