jangseohee

Oscillation within a mid-term uptrend

NASDAQ:AAPL   Apple
3
Since Jul 2013, AAPL has started the price movement in Pitchfork mid-term uptrend channel pattern. (still not skillful at using the pitchfork feature)
After multiple attempts to break out of the channel top since June 2014 plus the 4x Volume (4th Sept) that push the price back into the channel resulting AAPL to conform to the current short-term downtrend channel.

My projection: if 2nd leg of sell-off materializes and the short-term downtrend holds, AAPL might find its way to the blue support zone, and price would find its way to around 92-93

Penafian

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