BobVanders
Short

AAPL H&S Gap Fill Short

NASDAQ:AAPL   APPLE INC
EDIT: sorry if the on chart text is small - essentially from left to right the text boxes on the chart say,

1) observe the gap
2) We assume the spike down in Sep is anomalous
3) Downward price target of H&S is the distanceof the neckline to head
4) NEckline retest confirms the pattern

People will laugh at you if you say $75 as a price target for AAPL             . But there are some good technical reasons to believe it might happen, outlined in this chart.

WE have an unfilled gap at $75, and a confirmed H&S top with a technical target that takes us to the gap.

Sentiment has turned and while a move to $75 would be extreme for such a profitable company, extreme things happen in the market more often than we like to think.

Even if you don't like the short, if AAPL             does freefall, the $75 mark represents an excellent target from which to buy and hold as an investor, if you believe the company is extremely undervalued at such a level.
BobVanders
7 months ago
Here's a clearer chart
Reposting AAPL short in a clearer way
Reply
Solistica PRO
7 months ago
Nice chart and some good points I haven't noticed before, I would definitely consider buying in if it went below $80-$70.
It won't stay there!

Nice work Bob!
Reply
BobVanders Solistica
7 months ago
thanks :)
Reply
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