Csys
Short

AAPL bearish in the weekly

NASDAQ:AAPL   APPLE INC
39 0 1
The market had been carrying the energy of the strong 2007-8 climax fairly well until the 2012 top, but after that we see a degraded bullish momentum , which has finally been halted by a head-and-shoulders formation. The weekly TL is broken down, and it seems the "second support" in the daily view at $76.8 which is indicated by the head-and-shoulders formation is more likely to be broken as well. So the next target would be around $60. In the worst scenario we should be seeing the bears take over the market until the $12-$22 level, which would be the absolute bottom for Apple             . But that sounds like a fairy tale at the moment. What we should do is to just focus on the next target, not the last one.

Related Ideas

Csys
AAPL monthly TA
Csys about AAPL 2 10 months ago
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out