timwest

Apple Inc AAPL forming a trend reversal pattern

Short
BATS:AAPL   Apple Inc
The rally from 570 to 700 on this 130 minute bar chart (which makes a trading day subdivide into 3 bars) shows how the volume is weakening on each advance, which suggests the trend is weakening.

The regression channel has been violated and there is still a chance for a lift back into the yellow circle "entry" zone and as the market discounts the next earnings report, there could be some nervousness and selling before a solid earnings report is announced.

For now, however, I will look for shorting opportunities in AAPL .

Best regards,

Technical Tim

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