This is an update on the post Can’t Resist Apple: Way Too Ripe, Way Too Juicy, Update1, and Update2.
I ended my last update with the following: “The AAPL chart is set to roll over. AAPL stock now looks to be in distribution mode with initial support around the $170 area followed by the $160 area.”
Apple (AAPL) rolled over and broke DOWN yesterday, falling $7.55 (4.18%) to $173.26.
Corey at Afraid To Trade analyzes AAPL across three time frames, intraday, daily and weekly in his post What’s Happening to Apple?!
Friday, June 13, 2008
Can't Resist: Way Too Ripe, Way Too Juicy (Update3)
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2 comments:
I've been of the same opinion that AAPL would fall and stay down. What are your thoughts on the quick reversal? Short term gain till OE then the next down leg?
Harmony BorbonTobie WelfordJesse HaireKevin DygertLonnie HineyEmery SkolfieldAleida BasoreAlbertina PloskerFredric BrelsfordErnie Pilarski
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