While every analyst and chartist is calling for 140s and 200s on aapl
the stock is quietly putting in what looks to be a triple top here. There is clear distribution in the 132.73 area. also harmonic
traders will notice the cypher pattern
that has occured from the earnings
top. If we hold this 129.55 area we can see those higher highs as it would be a small cup with handle pattern. I am currently long aapl
so i hope we play out the latter, but the obvious is not to be ignored despite the great fundamentals on the company. charts dont lie!!!