AAPL left many bulls trapped as a result of price action the
past 4 sessions (gapping down everyday) and erasing the previous 39
trading sessions and closing below both its 20 and 50 day MAs.
(Stairs up and elevator down action). Next significant
support is around mid 170s. Reminder AAPLs weight is
approximately 7.5% of the SPX and 11.1% of the NDX as of Friday's
close.
AAPL - Chart Link here's another view of
that symmetry break in AAPL. Also note, the RSI 14 trendline break
gave you an early sell signal well before earnings.
Remember you can get fantastic signals on those RSI trendline
breaks
AAPL break in long term symmetry
Posted by matt on 5th of Aug 2023 at 01:36 pm
AAPL - Chart Link largest pullback since the January lows, a break in bullish symmetry, look for the next rally to now form a lower high
short-term the CCI is below -350 so sometime soon we'll likely get an oversold bounce, but again that rally/bounce will be a shorting opportunity
AAPL left many bulls trapped
Posted by steve on 6th of Aug 2023 at 01:14 pm
AAPL left many bulls trapped as a result of price action the past 4 sessions (gapping down everyday) and erasing the previous 39 trading sessions and closing below both its 20 and 50 day MAs. (Stairs up and elevator down action). Next significant support is around mid 170s. Reminder AAPLs weight is approximately 7.5% of the SPX and 11.1% of the NDX as of Friday's close.
AAPL now coming down to
Posted by steve on 7th of Aug 2023 at 11:20 am
AAPL now coming down to mid 170s as posted - trim and trail on those shorts. Beauty
Update: AAPL break in long term symmetry
Posted by matt on 5th of Aug 2023 at 01:57 pm
AAPL - Chart Link here's another view of that symmetry break in AAPL. Also note, the RSI 14 trendline break gave you an early sell signal well before earnings.
Remember you can get fantastic signals on those RSI trendline breaks
Thx Matt!
Posted by morton7 on 6th of Aug 2023 at 10:01 am
Thx Matt!