Technician
Short

#Apple: Bearish Reversal in Play

NASDAQ:AAPL   APPLE INC
2201 8 38
Apple             shares completed a major bearish reversal pattern recently by taking 106 key support level . I am looking for a retest of the long term rising trend line as a minimum target.

If we break below the rising trend line , we could see apple             shares around $55 :D. What a fabulous bargain it would be.

For more trading ideas http://thefxchannel.com/
Best Regards,
Technician
My trading ideas channel https://telegram.me/technician_forex_trades

Get your gift : https://thefxchannel.com
Best Regards, Tech !
Reply
My Regards to you
Reply
does the blue box represent a time limit within which Apple should hit long term rising trend line?
Reply
Technician TOP tradestocks101
No. It is just the target for the head and shoulders pattern.
Reply
I think there is a significant fib level around the rising trendline support. Right around 85. I'd be extremely surprised if it breaks that considering the cheap valuation. I am not convinced it will go there though so I'm buying at 90.
Reply
Good as always tech!
Reply
I Tec! This is my view from 9 months ago
short to 95
Reply
Same here:
AAPL: Head and shoulders
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out