AAPL play the formation and the break!
Updated
Pretty straight forward formation here. Added a profile with levels of concern. In the short short term I am bearish but longer term I believe AAPL is ready to leg up. Earnings report incoming so fundamentals may proceed and or support the given technical analysis. Dip below the 9 EMA with conviction, I will open some monthly shorts with a PT of about 125. Then my bias will change and I will look for validation of the lower TL and possibly some runners for the formation break if we get it.
Note
OVER 150 HOLD YOUR HORSES FREINDS, FIRST THE PRICE TL BREAK NOW THE MACD TL BREAK FOR A MAJOR BULL RUN.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.