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

Apple Inc.NASDAQ

Description

⋅ Aug 3, 2015 5:24 PM

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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breakdown AAPL

Comments

IvanLabrie

⋅ Aug 3, 2015 5:32 PM

Agreed:

timwest

⋅ Aug 3, 2015 5:39 PM

The KEY Earnings levels post accurately on the Daily time frame (only).

IvanLabrie

⋅ Aug 3, 2015 5:44 PM

Good point, I was plotting the weekly time at mode downtrend mostly.

timwest

⋅ Aug 3, 2015 6:27 PM

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.

IvanLabrie

⋅ Aug 3, 2015 6:49 PM

Or 'insider's trendline' too ;)

themarketzone

⋅ Aug 4, 2015 2:51 PM

Big decline today following that close below the 50 SMA line

IvanLabrie

⋅ Aug 4, 2015 3:23 PM

Yes, looks intense.