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d.vezeris
Aug 8, 2014 12:09 PM

Apple Inc Daily (08.08.2014) Technical Analysis Training Short

Apple Inc.NASDAQ

Description

The Apple Inc (NASDAQ:AAPL) Daily Diagram Technical Analysis shows the following:

The AAPL share has made a short term bearish development leaving the local top at $99.21. The long term support line is is broken above the KUMO, which means that the AAPL is bullish in long term.

So the first think in mind is the red resistance lines. MACD has a negative divergence and is bearish and RSI too. The volume is more than the usual.

We have no special candlestick pattern. The share is above the KUMO but is under of the Kijun Sen (blue line) and the Tenkan Sen (green line) too.

There is no special pattern .Support from fib = $93.31.

Short for top of the KUMO. Stop loss only above the Tenkan Sen (light green line).
Comments
tintin_miloueb
Why is your chart so busy, there are so many lines, one can't see the price......
d.vezeris
The Ichimoku (5 lines) & the resistance/support lines help me to study the trend. That's why I don't care about the price but I care about the fib levels (as targets) and lines as trend. Thanks.
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