A down ward movement in price off its recent highs has begun. Too soon to call it a trend but beginning to look like a H&S
pattern is developing marking the new possible direction. MACD
has begun to cross over. Another bearish
is also trending lower offering some confirmation of the downward movement in price and MACD
crossover. In addition a high volume
day on 2/26/2015 followed by a down day indicates distribution and investors taking profits. AAPL
also has many gaps below current prices around 125, 122, 119, and 113ish. Not exact numbers but look to the 2 hour chart for definition. Conclusion: Buyers are exhausted and placing bids below the market. Expecting further price declines as traders jump in to sell the rips and buy the dips until aapl
finds a new path to follow.