AAPL – Dangerous descending triangle in play

$AAPL – made huge run 2012 reaching $700 dollars and many analysts went balistic with >$1000 price targets. Market has little to do with analists wishes and sell off from the high was huge trading opprtunity on downside with $200 price move. Lately $AAPL is forming dangerous bearish formation Descending triangle which ones broken on downside gives us target for the downmove around $400. The gap left on the chart around $425 is still open so impossible is nothing. There was a lot of hype in 2012 with AAPL stock and public took large chunk of participation in this stock. So from pscychology stand point downside move is huge possibility to shake late runners here. There is good possibility at the moment to see run up into earnings.



One Response to AAPL – Dangerous descending triangle in play

  1. Latisha says:

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