TomProTrader

AAPL: An Opportunity? Time Will Tell

NASDAQ:AAPL   Apple Inc
195 0 2
Friends,

Before we go into this, I want to make clear I don't have an overall bearish bias towards Apple             . But this might be a good short opportunity for a short amount of time. As this is a potential for the near future, not a directional idea.

AAPL             to break channel to downside for the time being?

So Far:

-Three drivers pattern completed, since then we've traded below pattern completion, and been trading in a tight range with a rounded top forming.
-Stock is at the bottom of a channel line, is it going to break?
-Short term resistance recently forming (Blue line illustration)
-We're currently below the "T" line.

All the best,
Tom





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