Sharp sellof for Apple shares

By Julian Yosovitch April 29, 2015 • Reprints http://www.futuresmag.com/2015/04/29/sharp-sellof-apple-shares#.VUDfQdoKcTs.twitter

There was a sharp sellof for Apple shares,which clsoed at $130.37 on Tuesday.

We believe that after yesterday's weakness Apple remains vulnerable to extend losses and may go back to the lower area  around  $128.00-$127.50 initially, and then $124.00-$121.60 afterward.

In the case where the selloff continues, finding Apple shares below $121.60 it will inply a sign of further weakness, making way for a bearish continuation toward more depressed forward values.

Only with direct break above the $134.52 will the bearish signals be cancelled and we will postpone any further cut, making way for a continuation on the increases toward higher areas around $137-$138, and even more ambitious forward values.