inthemoneystock
Contributing Member
Cash: $ 7.50
Posts: 27
Joined: 12 Jan 2011
Location: New York City, New York
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| This Will Seal The Fate Of Apple $AAPL |
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Shares of Apple Inc (NASDAQ:AAPL) have been unable to bounce over the last few days, after pulling back from all-time highs. This chart formation is known as a bear flag. In addition, if you connect the recent lows of the last month (as seen in the chart below) you can clearly see a breakdown is taking place. This seals the fate of $AAPL in the near-term, a solid drop is coming. Investors should be short shares of Apple, looking for a downside long-term target of $121.50.
Gareth Soloway
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