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axelroark
Feb 17, 2019 6:04 PM

AAPL to See Short-Term Correction Prior to Climbing Higher Short

Apple Inc.NASDAQ

Description

Apple finished an inside week on 2/15/19, and appears to be running out of steam as it attempts to climb higher. Twice rejected by its weekly 100, and facing loose resistance inside lower region of fan DTL's, it seems likely a retest of 160 would be in order. Not impossible to test 145-150 before regaining ATH's.

Comment

AAPL has now been rejected by the 100 week average 3 weeks in a row as each advance has been met with heavy profit taking.
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