I was asked to update AAPL. I mentioned that AAPL looked like a good technical short based on a head and shoulders reversal patter that it was displaying.
Above is the current pattern of AAPL. Notice the stock has broken the neckline of the head and shoulders confirming the pattern.
Above is a daily chart of AAPL. Notice that the 50 day moving average is trending lower (bearish). Prior to today the stock had been oversold on a shorter term basis setting up or a bounce (today). The stock Is still under the neckline and the 50 dma, keeping the trend reversal pattern intact.
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