Trend line analysis suggests a near term downside target of 505.75.The mid-point of the BB %R (200) represents the above / below 200MA of price. The advantage of the BB 200 is that it also shows divergences and over bought / oversold conditions. As you can see the NEGATIVE DIVERGENCE warning.
Comments
nmike
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..UPDATE... next stop likely to next trend line below, don't forget to re-size the blue channel
nmike
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....STILL SHORT......ADJUST BLUE CHANNEL
nmike
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ABOVE CHANNEL, near term target $564
nmike
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HAMMER(naked) at support, likely counter trend move up....
nmike
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third time at trend line support...let's see what candle forms next...
nmike
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the down trend continues.....
nmike
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continue shorthing
nmike
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>>>>a very nice BULLS EYE.We had today a BULLISH engulfing candle stick pattern at support. Price will most likely move to the upper channel boundary.For now I'm neutral.Long term Apple is still bearish.