Finding Short-Term Direction For Apple

Founder of Share Planner • Aug 25, 2016 at 4:39 PM EDT

There is more downside to the AAPL stock than there is upside and that a pullback or even gap fill from late July is possible.

I'm going to let the chart do the talking on this post, as I have detailed much of what I am seeing on Apple (AAPL). Essentially, I think there is more downside to the stock than there is upside and that a pullback or even gap fill from late July is possible. I just wouldn't be a buyer at these levels, because the risk/reward is clearly not in your favor.

Here's the Apple technicals:

(Click on image to enlarge)