CFD Trading – Sell Apple Inc. (AAPL.NAS) at $108.70. Stop at $116.70. and Target at $97.80.

Apple Inc. Stock Code AAPL.NAS

Price broke and closed below the cloud on Friday after the release of its quarterly earnings. Conversion and Base line had a bearish crossover, hinting of a bearish trend ahead. Lagging Span is below price of 26 days ago but is above the cloud at the moment. MACD is above the zero line in the bullish zone but a bearish crossover was seen. The faster line of MACD has already moved below the zero line while the slow line could be moving past the zero line soon if we have another price decline. We think price could be about to test the gap support zone from $96.09 to $100.15.

$108.70 Short Sell
$97.80 Price Target
$116.70 Risk Management Stop
3 weeks Trade Duration

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