Trading idea for Apple Computer Inc. (NASDAQ)

#AAPL

The share trades in the range of 365 and 135 EMA. The ascending wave pattern is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought conditions.

Trading idea:

Sell when the descending wave pattern is formed, where the wave (A) breaches the inclined channel of the ascending truncated pattern.

Stop-loss is over the local maximum of the ascending truncated pattern.

Target levels: 160.00; 152.10.