Daily and Monthly Charts
AAPL Monthly
- Doji Month for June
- Right edge of topping pattern
- Mid- Range would be near 170
- Light volume near 185-190
Plenty of buying opportunities and selling opportunities
Each leg down is like a trigger point for institutional buyers who are interested in the long term prospects of the company. But the activation of those levels depends on the depth of the decline
- The equilibrium is in the gap where we noted "weakness"
- The height of the shaded rectangle notes where important buyers are setting their orders, 160 and 150
- This ten point range is typical for AAPL
- Breaking this more long term trendline would spell trouble for AAPL
- The company reports earnings in less than one month!
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