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Apple Failed to Break Out

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Apple Inc (NASDAQ:AAPL)  
FieryTrading  
NASDAQ:AAPL   Apple Inc
Trend Analysis Chart Patterns Technical Indicators apple Stocks Bearish Patterns signal Wedge Support and Resistance
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trendanalysis chartpattern indicator apple stocks bearish signal wedgepattern supportandresistance
Apple has been following a perfect wedge pattern since August. Recently it tried to break out of it, without any succes. This rejection signalled a short term decline for the stock.

Consider exiting the short position around the green area, since its close to the trend line and therefore risky.
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