View: Apple Lookin' Bearish (Notice I'm Not Saying Short- able) | SharePlanner

There are plenty of reasons not to short Apple (AAPL) no matter how good the chart is.

Let's see:

They are the biggest best company in the world They have a product with incredible demand despite a lagging world economy Cash flow is ridiculous and they can really cause a stir at any moment and without notice Because they are Apple

Now that I got that off my chest - let's talk about the AAPL chart below.

Call it a bearish wedge or bear flag, either way, the price action doesn't bode well for bulls that are looking for a sudden escalation in price. Instead I would vouch for the exact opposite, that price should start retracin here, especially if it drops below $589.  I've put an ideal stop, entry and target price on there for those who insist on shorting AAPL.  This tends to be the time when this stock goes into hybernation - until the next earnings report rolls around, which is typically where the major price jumps occur. 

In any case, the chart is very appealing, had it not been that it was Apple's chart, I'd be all over this. 

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