vlad.adrian

Apple ready for a reverseal?

Kort
BATS:AAPL   Apple
3
It looks like Apple is finishing the small rally, forming a daily shooting star, after reaching the head and shoulders target. The price went over the 38.2% fib drawn from the high last year, touched the big resistence* area, but retraced closing right at the fib line. Also, we can see in the rsi that the stock is oversold for the first time in the last two years. With all this factors in place, i think we can see a reverseal. A strong rally over the support zone will invalidate this setup.
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