Monday August 20th, 2018 by Mike Paulenoff AAPL-- My nearer term pattern and momentum work continue to look for a peak, rollover, and correction from in and around the 218-224 target zone, which if reasonably accurate, means that AAPL has limited upside from current levels versus 6% to 8% downside. This AM's pre-open, new all-time high at 219.40 hit my target zone, from where AAPL has pulled back into the 215-216 area so far. A break below 212.75 will breach the nearest term up trendline from the 7/30 low, and should trigger bout of long liquidation that presses AAPL towards a challenge of its sharply rising 20 DMA, now at 204.25... Last is 215.66/67Mike Paulenoff is author of MPTrader.com, a real-time diary of his technical analysis & trade alerts on ETFs for precious metals, energy, currencies, and an array of equity indices and sectors, including international markets, plus key ETF component stocks in sectors like technology, mining, and banking. Sign up for a Free 15-day Trial! * I really like Mike's charts and analysis. This is shared with my readers here via MPtrader.com ** -- Mike just wrote about this last Friday. He called for a pullback followed by a run to 250 after that. So I would guess that means looking for an entry point before its next run. -- *Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal. If you liked this article, please click the LIKE (thumbs up) button. Feel free to leave any comments, question, or opinions. Follow us and check back occasionally for additional articles or comments.