Apple unable to breakout…

AAPL @ resistanceApple’s 200 day on the daily chart is sitting right around $594-596.

Apple’s historical prices over the last two weeks:

https://mail.google.com/mail/u/0/?ui=2&ik=818a3b69f8&view=att&th=13b1c30288ae7ce2&attid=0.5&disp=inline&safe=1&zw

It tested the resistance around $594-595 today and two other times last week usually right at market open. But its unable to sustain it and has faded into close in all 3 of those sessions.

Worrying sign for the short term, but a great trading opportunity for scalp/swing traders.

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3 responses to “Apple unable to breakout…

  1. You can say that again!

  2. Thanks! wonder what the short term future holds for apple

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