Tuesday, August 22, 2017 12:19:11 PM
Shares of AAPL Inc. (NASDAQ:AAPL) may be forming a bearish head and shoulder pattern. This tells us that today's pop may just be a short lived move, helping to form the right shoulder. If true, the head and shoulder formation states that Apple should start heading lower by Thursday or Friday of this week, never taking out its all-time high. Once it breaches the neck-line at approximately $155.25, the stock will flush sharply, with a downside target of $147.00. I am putting this on watch.
Gareth Soloway
InTheMoneyStocks
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