Massive Head and shoulders pattern on Apple, which makes it looks pretty bearish. However, until the neckline is broken... it is just a possible h&s. My personal opinion, which is completely subjective (I do not have any fundamental analysis skills) is that Apple won't go below 90$, and from there it will continue its march higher. However, until 90$, I think a short trade is worth a shot, despite the small RR ratio.
Price returned to value, the Force Index is very close to its upper band, volume has been shrinking. As for timing, a sort of evening star formation, and red impulse this week.
Price returned to value, the Force Index is very close to its upper band, volume has been shrinking. As for timing, a sort of evening star formation, and red impulse this week.