jamespwu

AAPL, a head and shoulders in play?

Short
NASDAQ:AAPL   Apple Inc
5
Apple, has fallen off as the tech leader this year. This morning, I discovered a head and shoulders pattern for the stock on the daily chart. Currently, the neckline is around 113 - 114 area. If the pattern is fulfilled, we could get a trade down to the low 100's. The trade will be negated if the stock gets back above 115. The green line is the neck line for the pattern.
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