Sell Signal cross on Stochastic(52,9,3) after recently being driven below the overbought range. 10 Bar EMA and 21 Bar EMA is being crunched incredibly close together. If 21 Bar EMA starts moving above 10 Bar EMA, coming downtrend is possible. Force indicator has been trending closer to crossing 0 as the uptrend has slowed. KST about to cross below 0. As well, AAPL is clearly right at resistance and nothing from chart makes me confident that it could break resistance.
This appears to me that AAPL is peaking. Considering that there is a possible reversal in the S&P 500 coming soon, that reversal could bring AAPL down with it. Consider stocks are up today, keep a close watch on where futures are headed. I would wait a little longer before shorting AAPL, but at the same time I feel comfortable taking the risk of buying puts.
This appears to me that AAPL is peaking. Considering that there is a possible reversal in the S&P 500 coming soon, that reversal could bring AAPL down with it. Consider stocks are up today, keep a close watch on where futures are headed. I would wait a little longer before shorting AAPL, but at the same time I feel comfortable taking the risk of buying puts.
