Apple Inc
Short

$AAPL back to $200?

167
The AAPL chart looks weak. Since October, you can see price formed a lower high and now has been consolidating in a bear flag.

Should the flag break down, I think we'll see a sharp move down to $200 or one of the supports below it.

Why such a large move? The chart has an imbalance on it from how quickly price rose in the first half of the year.

I think price needs to correct lower to fix the chart imbalance.

The move should play out by Jan 6.

Let's see.

Nota
I'm in 12/20 $200P

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