SharifAzadeh
Short

Apple stock to fall more

NASDAQ:AAPL   APPLE INC
155 2 2
May is definitely one of the worst months to be in the stock market and it seems that this year this pattern will continue. Regarding specifically the Apple             stock , the formation of massive bearish 'engulfing' pattern accompanied with much above average volume shows that the big, smart money has 'distributed' its holding into weak hands and thus I expect a bearish picture for Apple             .

The first target for this bearish onslaught will be the 119.57 level and we should watch what will the market dictate when the price reaches there.

Good luck,
SharifAzadeh
2 years ago
http://www.cnbc.com/id/102686479
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SharifAzadeh
2 years ago
Rising on low volume and falling on high volume; a typical warning of an impending reversal.
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