AAPL : 08.04.2016
Daily chart : downtrend and short-term correction
FiBo correction to level 61.8
Price under 200 MA, diagonal resistance and 61.8 FiBo
Price action : fake breakout with pin bar at levels of resistance – negative signal
Indicators :
50/200 MA – The price is under 200 MA – negative signal
DeM(14) – going under 0.7
SL: 112.71
Alternative scenario :
If the price breakout over 200 MA and diagonal resistance is possible to observe rise in the price of the stock
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