Thursday 19 April 2012

AAPL - rolling over, with a big snap coming

Despite the anti-apple incessant whining out there across the web, I am supportive of AAPL. They have a superb huge customer base, and they still have great profit margins.Yet, the near term outlook is for a large fall.

AAPL, daily


Near term targets: 550/540.

If we see AAPL in the 530s...to me, it would be suggestive of a move to 440 within the next 1-3 months.