SignalTradersUK

AAPL - Sell Off , is it over done?

BATS:AAPL   Apple Inc
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After such a long uptrend, AAPL             had to have a correction. Is this the start of a Bear market on AAPL             or is it just profit taking?
Currently trading within last weeks Bearish candle, so a break of the lows would signal a continuation of that Bear move.

However, after a Big Up, Big Down move, comes Big Confusion and a Range Bound Market.

AAPL             are great at product releases and they still have plenty more un-tapped buyers of their phones in China. There is still great potential growth to come with this company and they have a lot of cash that they are pretty much still sitting on.

Divi             payments to the shareholders is one way of distributing some of the wealth and could encourage more buyers into their company , should price reflect a good entry.

However, market share in smart phones will be eaten into from the Samsung phones and Android OS.

A lot rests on whether we can get above the Major Trend Line , though if the all time highs are not taken out soon after that, the break in the line would signal that the Bull run is over.
moved into a selling zone.
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