Apple Inc, took out the highs at 121.85 4Months ago turning into support, but as the price approached this same level few weeks after, the level broke and price dipped in, to 121.21 and could retrace to the 106.08 level. forming the start of a head and shoulders pattern. BUY pressure will step in, and push price back to the 121.85 level followed by a corrective move downside, to the 200 week MA.
that's the thought process on the idea. Let me know what you guys think about the idea