Massive Head and shoulders
pattern on Apple
, which makes it looks pretty bearish
. However, until the neckline is broken... it is just a possible h&s
. My personal opinion, which is completely subjective (I do not have any fundamental analysis
skills) is that Apple
won't go below 90$, and from there it will continue its march higher. However, until 90$, I think a short trade is worth a shot, despite the small RR ratio.
Price returned to value, the Force Index
is very close to its upper band, volume
has been shrinking. As for timing, a sort of evening star
formation, and red impulse this week.