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KalinPPetkov
Jul 25, 2014 8:08 PM

AAPL - Peoples stock just double topped  Short

Apple Inc.NASDAQ

Description

AAPl have been pushing to reach its all time highs at 100ish... Though with no extra cash earn in the past couple years it is out of steam. It seams it just double topped days after earnings. It is also sitting at picture perfect AB/CD pattern and 1.618 fib.ext of "XA" leg. RSI is tripled top and its diverging from the new highs. Short Entry with stops above all time high and targets at 0.618 fib.retr. of last )BC) leg, which confluence with major sup/rest. area (red/green line).
R/R/R is 1 to 3 :)
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