BrianPenrod

AAPL hitting possible resistance

Short
NASDAQ:AAPL   Apple Inc
It appears that Apple might be coming up on some strong resistance soon.

possible completion of an AB=CD pattern is almost complete as well as the .618 retracement taken from the Nov 4 2015 high and the may 12 2016 low

additionally my stochastic indicator is reaching the overbought condition.

will look to go short @110.55

all comments welcome
Thanks for viewing
Bud
Trade active:
Trade triggered on 4 hour time chart. short @109.90
SL @112.40

looking at a target of 102.26 next week which is the .618 retracement of this swing.

I'll let you know how it goes

Thanks for viewing
Bud

Related Ideas

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.