nmike

APPLE weekly update

Short
BATS:AAPL   Apple Inc
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Weekly price action is bearish , below the 10MA and the blue MACD line below mid-point. Currently we are at a minor support level and most likely we may have a short term counter trend rally to trend line resistance or top of reference channel. If support is broken the next target is bottom of reference channel or the .382 FIB. level.

Comments

.....at CLONE channel resistance,
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Been fighting with this upper channel resistance
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nmike StealthTrader
@StealthTrader very interesting but not surprised :)
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>>>>>> let's see if can break current channel, should at least reach top of current channel near term.......diagonal channel CLONING work well with Fibs.
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>>>> if Apple can get above the .382 Fib level we could see price reach the top of the current channel near term
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>>>> good example of CLONING & FIB. levels
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...at 2 KEY support levels, duplicate another CLONE below current CLONE
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..ALERT....close to 2 KEY support levels
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...mid-week update...
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