Apple _ major lines in sand for 2017 for NASDAQ:AAPL by BBtrade618

Apple

Price

Our analysis team has made projection for Apple in price, as shown in the chart. Overall major bullish/toppish projection at 169.41 dollar
A leg up can easily develop by breaching 140 area towards 146.70 dollar and can extend towards 149,60 dollar.
A breach of the yearly balance line at 156.25 dollar would set in the last up phase for Apple stocks.

Time

We are watching important dates in May and end of June.

Inspiration

Overall bullish on Apple stocks if support zone will stay in place. Investments can be hedged by buying (out of the money) puts with a strike in support zone. Or do the same by setting up an option strategy to decrease downside shocks as global markets might come into correction mode nearing end of March.

With kind regards,

TradingEcology
Trading natural patterns unnaturally perfect

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