Apple IncShort
$AAPL back to $200?
The AAPL chart looks weak. Since October, you can see price formed a lower high and now has been consolidating in a bear flag.
Should the flag break down, I think we'll see a sharp move down to $200 or one of the supports below it.
Why such a large move? The chart has an imbalance on it from how quickly price rose in the first half of the year.
I think price needs to correct lower to fix the chart imbalance.
The move should play out by Jan 6.
Let's see.
AAPL chart looks weak. Since October, you can see price formed a lower high and now has been consolidating in a bear flag.Should the flag break down, I think we'll see a sharp move down to $200 or one of the supports below it.
Why such a large move? The chart has an imbalance on it from how quickly price rose in the first half of the year.
I think price needs to correct lower to fix the chart imbalance.
The move should play out by Jan 6.
Let's see.
Note
I'm in 12/20 200P
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