Trader_97
Short

APPLE BREAKS OUT AND FINDS SUPPORT AT 111.00 !

NASDAQ:AAPL   Apple Inc
38 0 1
APPLE             STOCK PRICES BROKE OUT OF THE TREND CHANNEL TODAY AND FOUND SUPPORT @ 111.00. WILL THE SUPPORT HOLD AND WILL THIS BULLISH MOVE CONTINUE OR WILL WE SEE DOWNSIDE CONTINUE AFTER UPSIDE RETRACEMENT IS OVER ?? HERE'S MY TAKE ON IT ..... I THINK PRICES COULD CONTINUE TO RESUME MOVING SOUTH AFTER WE TEST THE SUPPORT TURNED RESISTANCE AREA .PRICE IS CURRENTLY AT 113.58 AND BELOW THE 100 DAY SMA AND 50 DAY EMA AS WELL BUT WE HAVEN'T SEEN A MOVING AVERAGE CROSSOVER JUST YET.
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