Trade idea for Apple Computer Inc. (NASDAQ)

#AAPL

The share fluctuates between 365 and 135 EMA. The trend is descendant. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.

Trade idea:

Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined channel of the ascendant structure.

Stop-loss is beyond the local maximum of the ascendant structure.

Target level — 150.57.