Long AAPL

[Artur]

Pascal,

I would be cautious about AAPL.

It broke with a gap down the trendline support started in April 2014.



It seems that a recover attempt to 125$ zone could be a good short setup.

I agree with you as you wrote in today’s comment that “it broke below its Lower Boundary. This indicates a possible trend change”.



The Nasdaq shows the same behavior. In this example even the 100 days MA is acting as a resistance.

Here the Nasdaq 100 Index chart.



Maybe AAPL will act as Nasdaq 100 with a failed recover attempt at the trendline.


Artur