Apple Just Frustrates
How frustrating is Apple (AAPL) right here? The range over the last six weeks has been very tight (well, for a $500+ stock I would consider this a tight range).
There are multiple signs on the daily chart that point to a breakdown in price. The relative strength has lost the midline and the stochastics have completely broken down. I generally look to a second dip below 80 on the stochastics as a short entry point. AAPL doesn't have two. It actually has three. And now the third drop below 80 has continued below 50. This is usually a screaming short sign to me, but price just refuses to budge....336 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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