Technician

Apple at Potential Support

NASDAQ:AAPL   APPLE INC
1527 12 34
Apple             is testing key support area at the 200-days SMA and previous swing high. RSI dipped in oversold area. A good potential buying area unless price fails and settles back below the 200 days average.
r.d.b.solutionz PRO r.d.b.solutionz
My chart i made said the same:D
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Tom_Killick PRO r.d.b.solutionz
If your chart is the same as Technicians, then why have you posted the link to your idea?....
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Just wanted to show him :S dont mean harm with it i hope he doesnt mind
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Technician TOP r.d.b.solutionz
No issue.
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I charted AAPL just as you did. Then I noticed there is also fairly pronounced head and shoulders. Just some thoughts.
snapshot
+1 Reply
For me, the head and shoulders is not ideal. The structure of it is relatively skewed. The head and shoulders are very close to each others. I would rather look at it as a triple top. But ofcourse this is only my view.
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Good to see different views. To make a better decision. I am just pointing to this potential area, of-course you gotta do you analysis.
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We also had a sort of rejection candle last week
snapshot
+2 Reply
http://www.cnbc.com/2015/07/12/apples-sinking-but-buy-the-dip.html?trknav=homestack:topnews:3

this info supports your idea, looks like a very important level.
+1 Reply
Yep he also have almost the same reasoning. But generally, I am not suggesting a long or short, i am pointing to this potential area. Someone else might find another confirmation to long, so it could be useful to point this.
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Definitely agree that a major test is coming. We will see in a few days if the very long uptrend will break or continue.
GOOD ENTRY POINT FOR AAPL
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