Simple Trading AAPL — As of 8 May 2015 Close

AAPL W As of 8 May 2015 Close

A redditor asks if the recent Double Top in Dow Component AAPL portends a big drop for the stock.

For my 2 cents, I think the stock is fine as long as it stays above Support… first arrow level.  Major Support is the 2nd arrow way down around $110.

If you like the stock, drop down to a lower timeframe and look for setups and triggers.

If you are looking for the stock to fall apart, do yourself a favor and wait for it to prove it by at least breaking the first level of support before you go looking for a short entry.

Hope it helps.


The Trader