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.

aapl

Advertisements

One Response to AAPL – Dangerous descending triangle in play

  1. Latisha says:

    Greetings from Colorado! I’m bored to tears at work so I decided to check out your blog on my iphone during lunch break. I love the knowledge you present here and can’t
    wait to take a look when I get home. I’m surprised at how quick your blog loaded on my phone .. I’m not even using WIFI, just 3G .
    . Anyhow, great blog!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: