AAPL has been caught in a downward channel for a while now but seems to be finding some footing off the 618. It has become a slow moving boring stock but may start to gain some favour as investors start to gravitate to value type names. If price can make its way back up over 122 a push to 126 is likely. After that my next target would be 133. This would be a longer term swing for me given the lower ATR this stock has now.
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Base getting confirmed above 122. Want it to hold this level now. I see this stock as a super tanker now. It can take a while to turn it around but once in gets some momentum its hard to stop.
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It today they day AAPL finally starts to move?
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Got the push right up the 126 but then rejected. I took some profit on the 126 tag. I will stop out of the remainder if price can not hold the 618 line.
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Holding the 618 for now but doing nothing but going sideways. Putting this in the longer term hold category. Will hold unless it makes a nasty move below the 618. I believe this one will eventually take off again but will need more certainty on the China front. AAPL is vulnerable to some kind of CPP action.
