I think a Bearish trend is forming after twice (May & July [2017) it was left overbought (highlighted in green through the Andrew's Pitchfork); the release of the next Apple product/s are keeping it outside of this zone (highlighted in purple through the Parallel channel) where, soon, further slumping of Apple will occur until* w/e 12/01 or w/c 15/01 where re-entry to the Andrew's Pitchfork will be tapped; I suggest shorting w/c 18/09 and pending the outcome of the following reports (see below) results should have proved a nice investment, jumping out w/e 12/01 or w/c 15/01 is suggested:
09/12/17 HP INC : UBS Best of Americas Conference
09/12/17 | 01:00pm LOGITECH INTERNATIONAL SA : Annual General Meeting
09/12/17 | 09:20pm HP INC : Deutsche Bank Technology Conference
09/12/17 | 10:40pm HEWLETT PACKARD ENTERPRISE CO : Deutsche Bank Technology Conference
10/25/17: FY 2017 Earnings Release (Projected);
The above results information came from the following page: www.4-traders.com/APPLE-4849/calendar/.
*Dare I use (The link here came from Andrew's Pitchfork schooling at StockCharts.com) Electronic Arts as an example from Oct-Dec 2007 -
d.stockcharts.com/sc...ndw-3-ertsmedian.png - and suggest that Apple may crash harder than expected and instead of TP at 155.22 we TP at 142.21 instead.
09/12/17 HP INC : UBS Best of Americas Conference
09/12/17 | 01:00pm LOGITECH INTERNATIONAL SA : Annual General Meeting
09/12/17 | 09:20pm HP INC : Deutsche Bank Technology Conference
09/12/17 | 10:40pm HEWLETT PACKARD ENTERPRISE CO : Deutsche Bank Technology Conference
10/25/17: FY 2017 Earnings Release (Projected);
The above results information came from the following page: www.4-traders.com/APPLE-4849/calendar/.
*Dare I use (The link here came from Andrew's Pitchfork schooling at StockCharts.com) Electronic Arts as an example from Oct-Dec 2007 -
d.stockcharts.com/sc...ndw-3-ertsmedian.png - and suggest that Apple may crash harder than expected and instead of TP at 155.22 we TP at 142.21 instead.