Since the daily short signal back in Sept. 2012 there was one failed 50sma signal. Now Apple is just below the 50sma, if price can close above it , the top of reference channel is the near term target. If it fails again we could see Apple retest the bottom of reference channel. Here is a weekly chart of Apple, very good example of CLONING and FIB. levels : tradingview.com/v/Dc3E072u/