planetlearn
Short

Is a new trend developing in AAPL?

NASDAQ:AAPL   APPLE INC
204 3 2
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 sign. RSI 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.
planetlearn PRO
2 years ago
Anybody see this post? Agree? Disagree? Comments?
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AnbHfund planetlearn
2 years ago
Well i am seeing levels of 138 on monthly charts possibly in march and then a sell off in AAPL till then its wait & watch. With Nikkie, DAX, Dow all have broken major resistance, I still think there is a bit of steam left in markets and AAPL will move accordingly.
Short AAPL Around 138 (monthly)
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Mubi
2 years ago
i agree but this is only retracment it will go back up this is just due to the DOW is going down , but in regards to this short its a short term one as candle stick shows dark shadow, MACD taking a turn , RSI down, ill wait for Monday morning
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