themarketzone

If the 50 SMA won't hold price for falling.. 100 is next

NASDAQ:AAPL   APPLE INC
159 7 3
Now that $AAPL             broke below the 200 SMA line (daily) as I thought it will, the 50 SMA line is what holding $AAPL             from falling towards the 38.2 Fib near the 100$ zone.
If you are bullish (still??) I would target 125$ as potential target level and there to be very careful as it should act as strong resistance now.

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Agreed:
snapshot
+2 Reply
timwest PRO IvanLabrie
The KEY Earnings levels post accurately on the Daily time frame (only).
+1 Reply
Good point, I was plotting the weekly time at mode downtrend mostly.
+2 Reply
timwest PRO IvanLabrie
I'm glad you like the "lowest high" trendline also. It is so useful and more insightful. I ought to call the IT or Inside Trendline perhaps.
+1 Reply
Or 'insider's trendline' too ;)
Reply
Big decline today following that close below the 50 SMA line
+1 Reply
IvanLabrie PRO themarketzone
Yes, looks intense.
Reply
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