ChartArt

Apple - Short-term long idea

NASDAQ:AAPL   APPLE INC.
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I see a retest of the last peak around 97 US Dollar             . At that point the stock either breaks the all-time-high of the year 2012 and resumes the uptrend and goes above 100 US Dollar             or starts a large downtrend, because Apple             is facing the risk of a double top in the monthly charts. Until then I expect everyone to bet for the price to go up again, because of the symbolic round 100 US Dollar             price coming closer.


The key for the uptrend to establish itself is that it has to hold the 94.00 US Dollar             area. I would use a stop loss below 93.00.
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