Tuesday, 11 August 2015

AAPL, DIS - resuming lower

With the 'Monday nonsense' being fully negated, two of last weeks broken stocks - Apple (AAPL), and Disney (DIS) resumed lower, settling -5.1% and -2.7% respectively. Near term outlook is for $100 for both stocks... the bigger monthly cycles are suggestive of $90 by early October.

AAPL, daily

DIS, daily


Suffice to say, having seen key breaks last week, both AAPL and DIS look dire in the near/mid term.

Both look headed to the giant psy' level of $100... if not lower, given another few months.