Broke major support last week - Is it a long term bearish signal
$AAPL declined last week below the 124$ support zone and closed below it. As we approach earnings, this could be a major bearish signal, possibly hinting about a shift in trend.
130$-133$ is now set as the top for $AAPL and it is a potential sell zone should the price try to test it again.
Before that, $AAPL will have resistance near 128$ and of course near 125$ (nearest resistance) assuming that the price will open below it.
Read the full analysis and more interesting trading ideas for stocks and FX in this week's WMA newsletter:
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130$-133$ is now set as the top for $AAPL and it is a potential sell zone should the price try to test it again.
Before that, $AAPL will have resistance near 128$ and of course near 125$ (nearest resistance) assuming that the price will open below it.
Read the full analysis and more interesting trading ideas for stocks and FX in this week's WMA newsletter:
marketzone.tumblr.co...sis-the-never-ending
Become an Elite Zone member:
www.themarketzone.net/
Subscribe to the newsletter (free):
www.themarketzone.net/