Caution = Running into resistance $615-$620
Running into current resistance of $615. $AAPL trying hard to break that resistance of $615 but I must say even if we break this current resistance, $620 could also act as resistance. Definitely not strong but worth noting for. $AAPL is pretty sensitive to those minor resistances, at least expect slow down.
So with that said, I would put my bullish trigger above that $620 price point. Target is at $640.
For bearish trigger, below $600 there.
$AAPL sticking by that upper band
As long as $AAPL stays there tightly at that upper band and BBands continues to separate, it is giving us BULLISH sentiment.
YES, STOCH AND RSI is at Overbought territory but they can hang out there as long as trend continues but when it starts to roll over, that’s where i would start to consider its possibility to change of direction.
ALL IN ALL, if we can close above $615 today and break that current resistance, we could take a shot a $620 resistance as well. If we don’t close above and remains under the resistance, the longer we stay there the stronger that resistance becomes.
7/11 Wednesday Morning
Bearish Dark Cloud Cover at Resistance
(Very strong REVERSAL SIGN)
Dark Cloud Cover is pretty strong reversal. Next target is at around $587. If we can blow through that $570 and $560 is the ultimate targets.
7/12 Early Morning: Closed with 11% ROI
I closed my bearish position this morning with great ROI on it. Definitely that Dark Cloud cover played out well!