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Ryanhasoptions
Aug 7, 2015 9:19 PM

Short Term Bullish and Long Term Bearish on AAPL Long

Apple Inc.NASDAQ

Description

AAPL has recently crossed into dangerous territory and is below the 200DMA; however, AAPL has made an extremely large move downward and has found temporary support in the 115 range. I believe AAPL will make a strong push up the top of the downward channel where it will be rejected at the 125 range and continue along the downtrend once a deathcross of the 50DMA and 200DMA occurs.
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