AAPL Flirting With Dual Trendline Support

A solid break below these intersecting uptrend lines would trigger a sell signal for the worlds largest company (by market cap) & largest component of both the S&P 500 as well as the Nasdaq 100. Of course, support is support until & unless broken so AAPL could very well bounce off these support levels & continue to climb. FWIW, even if both of those trendlines are taken out, I don't plan on shorting Apple as the company is scheduled to report earnings in two weeks, on May 2nd. Just wanted to share these levels as something to watch for now. AAPL 120-minute chart:

AAPL 120-minute April 18th

AAPL 120-minute April 18th

Apr 18, 2017 11:33am|Categories: Equity Market Analysis|Tags: , , , , |0 Comments

Leave A Comment