Apple IncShort
Looking like we have found a top on AAPL
Today we made a nice doji on the daily chart. Right now there is no resistance as far as the eye can see, but a pull back is in the near future. Whether it happens tomorrow, or next week it is bound to happen.
If we pull back, we could see a re-test of the upper channel trendline. It used to be a very solid resistance when aapl was in the channel, but now that the channel has been broken, that trendline should act as support.
The market may start to influence aapl stock if we end up in a bear trend. If that happens we could flush through trendline support and head down to test the 157 support. If the bears still have control, we may go down to test the 200 moving average or possibly the lower channel trendline.
If that is broken, strap on your helmets, we may be headed back down to the 130's.
If we pull back, we could see a re-test of the upper channel trendline. It used to be a very solid resistance when aapl was in the channel, but now that the channel has been broken, that trendline should act as support.
The market may start to influence aapl stock if we end up in a bear trend. If that happens we could flush through trendline support and head down to test the 157 support. If the bears still have control, we may go down to test the 200 moving average or possibly the lower channel trendline.
If that is broken, strap on your helmets, we may be headed back down to the 130's.
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