Short below $90 or Long above $102Apple, prices are taking support near $91-92 and recovering since last year. prices have formed Descending triangle and is expected to give breakout any time soon. prices have already made low trice and touched the lower band while prices on upper band has been touch twice.
As per my study, prices are expected to touch higher and likely to give a positive breakout above $102. However, a global slow down can extent the fall further.
Traders are advised to short below $90 with SL of higher band $102 or traders can buy the stock above $102 with stop of $90 and target of 130 for next half year.
I would prefer to go long above $102
