Friends,
Before we go into this, I want to make clear I don't have an overall bearish bias towards Apple. But this might be a good short opportunity for a short amount of time. As this is a potential for the near future, not a directional idea.
AAPL to break channel to downside for the time being?
So Far:
-Three drivers pattern completed, since then we've traded below pattern completion, and been trading in a tight range with a rounded top forming.
-Stock is at the bottom of a channel line, is it going to break?
-Short term resistance recently forming (Blue line illustration)
-We're currently below the "T" line.
All the best,
Tom
Before we go into this, I want to make clear I don't have an overall bearish bias towards Apple. But this might be a good short opportunity for a short amount of time. As this is a potential for the near future, not a directional idea.
AAPL to break channel to downside for the time being?
So Far:
-Three drivers pattern completed, since then we've traded below pattern completion, and been trading in a tight range with a rounded top forming.
-Stock is at the bottom of a channel line, is it going to break?
-Short term resistance recently forming (Blue line illustration)
-We're currently below the "T" line.
All the best,
Tom