Stock Technical indicators to notice in APPLE (AAPL.SW)
1- Last bullish trend was from 108.00 $ (11/13/2008) to 115.00 $ (11/14/2008) a 7.00 $ move 2- The current bearish trend started from 115.00 $ at 11/14/2008 and is currently trading at 104.00 $.
4- AAPL.SW current resistance level is at 106.10 which is the 127.20 % fibonacci retracement of the last 7.00 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
APPLE (AAPL.SW) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 108.000 that failed and formed a resistance.
7- The Stock was resisted by a resistance line, identified by two points: 115.000 and 126.000, and is currently resisting at 108.714.
APPLE (AAPL.SW) Mid term stock chart patterns for internet stock trading :
8- The Stock formed Double Bottom Pattern at 108.000 that failed and formed a resistance.
9- The Stock formed a 18.400 $ height triangle which was broken down at 104.000, target of the pattern is 85.600.
APPLE (AAPL.SW) Long term stock chart patterns for internet stock trading :
10- The Stock was supported by a support line, identified by two points: 107.600 and 103.600 that was broken down at 116.000 transforming into a resistance line.
Stock Trading Conclusion:
APPLE (AAPL.SW) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 106.10, 106.60, 108.00, 108.10, 108.20, 108.71, 109.50, 110.67, 110.80, 111.50, 112.33, 113.35, 115.00, 127.60.
Stock Support levels : 103.67,.
