AAPL Apple Daily and 2-Hour Chart; Oversold; Falling Wedges; Positive Divergence; Lower Band Violation

The Apple has grown rotten in recent weeks. The neggie d spankdown occurs in early October along with the broad stock market in fact Sapple drags the entire market lower. CEO Cook climbs out from under his mahogany desk to take a look at the landscape. By the looks of the short-term charts, the head cook pronounces an all-clear signal.

Both charts show universal positive divergence. RSI and stochastics are coming off oversold levels. The falling wedges are easy to see. All these parameters are bullish. Price will want to seek the middle bands, at a minimum, which are at 182 and 174, and moving lower, for the daily and 2-hour charts, respectively. If price begins running higher due to the possie d, AAPL may receive rocket fuel from short-covering.

You can see the death cross coming later this month or to welcome the new year. Perhaps Santa is planning to provide a death cross under Timmy Cook's Christmas tree.

The Apple weekly chart remains weak. Thus, the short-term joy that is set up in the charts above for the near-term will be short-lived. AAPL will likely bounce and move higher for a few days but then roll right back over and drop taking out the lows again on the weekly basis. Thus, either play AAPL long now remaining extremely nimble, Keystone had opened a long on AAPL, and play this pop and then get out in a day or few, or, wait a week or so to see how things set up for a potential short. The daily chart above will likely need to rally a few days up towards overbot levels and then you can watch for the neggie d to develop to know when to flip back to the short side. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.