Technical bounce in AAPL for a short term trade

26 thg 8, 2015

After breaking the long term trend, AAPL managed to catch up and consolidate this rebound as a false breakout . Further, the stock bounced off the 50 % of the long term Fibonnaci retracement, so the long-term trend remain in force.

Based on the false breakout and moving averages of 20 and 40 periods , the stock is likely to rise up to 116.90. Stop loss should be placed below the candle at 102.70 Tuesday .