Apple Inc. (NASDAQ:AAPL) Nearing Bending Brake Down Point
Today, as the markets sold off, Apple Inc. (NASDAQ:AAPL) fell sharply as problems continue to mount with the release of the iPhone 6. Apple Inc. (NASDAQ:AAPL) is once again testing a major trend line, as shown in the chart below. Apple Inc. (NASDAQ:AAPL) found intra day support right at this line, from which the stock moved higher. However, Apple Inc. (NASDAQ:AAPL) was unable to sustain this short lived move up, finishing the session near the lows of the day.
Investors as well as traders should pay close attention to this line. Should Apple Inc. (NASDAQ:AAPL) break below this line, which is near the $97.75 level. Apple Inc. (NASDAQ:AAPL) could trigger a major trend line break down. I will be monitoring Apple Inc. (NASDAQ:AAPL) and with the right pattern will consider entering a short position.
When and if Apple Inc. (NASDAQ:AAPL) breaks down, the major levels of support to watch for short term bounces will be as represented by the red lines on the chart below, at $89.65 and $85.21. Place this trend line on your charts, watch at the stock prices reacts and profit wisely.
If and when I enter this trade, I will provide the exact details of the trade to my members of the Elite Round Table. We have had another great, profitable week, and we expect the action to continue. Make sure you check us out here and join us so you are ready for the action!
Investors as well as traders should pay close attention to this line. Should Apple Inc. (NASDAQ:AAPL) break below this line, which is near the $97.75 level. Apple Inc. (NASDAQ:AAPL) could trigger a major trend line break down. I will be monitoring Apple Inc. (NASDAQ:AAPL) and with the right pattern will consider entering a short position.
When and if Apple Inc. (NASDAQ:AAPL) breaks down, the major levels of support to watch for short term bounces will be as represented by the red lines on the chart below, at $89.65 and $85.21. Place this trend line on your charts, watch at the stock prices reacts and profit wisely.
If and when I enter this trade, I will provide the exact details of the trade to my members of the Elite Round Table. We have had another great, profitable week, and we expect the action to continue. Make sure you check us out here and join us so you are ready for the action!
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