planetlearn

Is a new trend developing in AAPL?

Short
NASDAQ:AAPL   Apple Inc
2
A down ward movement in price off its recent highs has begun. Too soon to call it a trend but beginning to look like a H&S pattern is developing marking the new possible direction. MACD has begun to cross over. Another bearish sign. RSI is also trending lower offering some confirmation of the downward movement in price and MACD crossover. In addition a high volume day on 2/26/2015 followed by a down day indicates distribution and investors taking profits. AAPL also has many gaps below current prices around 125, 122, 119, and 113ish. Not exact numbers but look to the 2 hour chart for definition. Conclusion: Buyers are exhausted and placing bids below the market. Expecting further price declines as traders jump in to sell the rips and buy the dips until aapl finds a new path to follow.
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