Time to Flip the Script on AAPL

By @ibtimes on

The market has seen 10 consecutive up months, but the momentum has been slowing. AAPL is a stock that has been particularly strong, breaking out repeatedly to new highs when many have thought it to be exhausted. The stock is beginning to look unhealthy now, however, and it is time to look in the other direction. Just like former leader GS now lags, it is time for AAPL to come back to earth. The rounding top pattern, subtle lower high and broken trend line shows that AAPL, believe it or not, is now a high reward low risk short. 

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