APPLE CHART PATTERN SETS TARGET AT $340 $AAPL
The Apple stock chart has traced a head-and-shoulders topping pattern. This is a well-known and well-followed reversal pattern in traditional technical analysis . The pattern sets Apple’s AAPL downside target at $340. A picture is worth a thousand words, the chart tells the story. Please click here to see the chart. The pattern The pattern consists of a left shoulder, a head, and a right shoulder. In Apple, the left shoulder was formed when the price pulled back from about $650 to about $530. Please see “ Dangerous Apple chart pattern into iPhone 5 launch .” The head was formed