Apple Bearish engulfing and channel resistance

• Apple Share has been outperforming the indexes with the help of its iphone and ipad sales. Also performing far better than its rivals like Microsoft.
• Fundamentals of the company seems to be very strong. Technically too the share is trading above its 200 day and above its 50 day moving average.
• Yesterday the the daily chart has produced a bearish engulfing pattern. And when it comes at the top of the trend it is a very good signal of an impending correction.
• And the second chart shows a channel. The share trading near the top of the channel. One can expect the stock to dip till the 50 DMA if the channel is not broken on the upside.