Point and Figure Chart REVEALS Sell Signal on Apple at 186 !
On 11/20/18, Apple gave a Point and Figure Chart Sell Signal,
on A "Descending Triple Bottom Breakdown" at a price of 186 !
Point and Figure Charting Methods
REVEAL at what price big money has previously accumulated or purchased a stock,
so a Violation of a Point and Figure Support Price Box
in Apple's case at 186 ...is QUITE MEANINGFUL.
NEW DISTRIBUTION or SELLING PRESSURE... has
OVERWHELMED Prior Buying Support at the 186 Level
Use any SHORT TERM rallies in Apple,.
there may be one soon..
back to the 186 level to establish short positions,
or to LIQUIDATE long position in this stock.
It will take time, REMEMBER THAT,
for AAPL to find a new MEANINGFUL BOTTOM
and then gather enough large institutional buyers,
for a MATERIAL COUNTER TREND rally.
My Downside Target Target in Apple remains at 168
.
AAPL Last 176.98 11/20/18
Disclosure:
The above analysis my own proprietary work
and is not meant to be trading advise in this stock.
THE_UNWIND
11/21/18 345 AM
NEW YORK
on A "Descending Triple Bottom Breakdown" at a price of 186 !
Point and Figure Charting Methods
REVEAL at what price big money has previously accumulated or purchased a stock,
so a Violation of a Point and Figure Support Price Box
in Apple's case at 186 ...is QUITE MEANINGFUL.
NEW DISTRIBUTION or SELLING PRESSURE... has
OVERWHELMED Prior Buying Support at the 186 Level
Use any SHORT TERM rallies in Apple,.
there may be one soon..
back to the 186 level to establish short positions,
or to LIQUIDATE long position in this stock.
It will take time, REMEMBER THAT,
for AAPL to find a new MEANINGFUL BOTTOM
and then gather enough large institutional buyers,
for a MATERIAL COUNTER TREND rally.
My Downside Target Target in Apple remains at 168
.
AAPL Last 176.98 11/20/18
Disclosure:
The above analysis my own proprietary work
and is not meant to be trading advise in this stock.
THE_UNWIND
11/21/18 345 AM
NEW YORK
where money has either accumulated, or distributed stock.
In the case of Apple, I made note earlier this week,
of the "Triple Bottom Breakdown" in AAPL at 186, a P+F SELL Signal.
Apple's rally effort from the 175 area, could not even reach 180..
before sellers once again.. gained control, and drove the stock back down to a new BEAR MARKET Closing Low of 172.29 ,
to close yet another bad week.for AAPL
Remain SHORT.
Initial Downside Target emains at 168.
THE_UNWIND
11/23/18 500 PM
NEW YORK