yep mLa127 - the monthly chart has been giving warning signs for
AAPL
First off there's some support here, but if lost strongly, the
next major demand zone is 123 - low 140's. Also watch the trendline
on the 14 RSI as a support/trigger
Next because AAPL has had such a big percentage move over the
years, in order to be able to draw an uptrend line, a logarithmic
chart is required, see the second image of the monthly Log chart -
note how on the log chart you can draw an uptrend line from the
2009 lows, that trendline comes in around the mid 140's.
Note how you cannot draw the same trendline on the linear
chart-
this is a good example of when Log charts are useful- most
of the time it doesn't matter if you are looking at daily charts
but when you zoom out enough years the percentage moves gets too
large that you need a log chart to draw proper trendlines
I still get the question every once in a while about linear vs
log charts, this is good example of that
AAPL Monthly
AAPL Monthly ...
Posted by mla127 on 1st of Apr 2024 at 09:48 am
AAPL Monthly
Apple Monthly ...
Posted by mla127 on 17th of Apr 2024 at 02:28 pm
Apple Monthly ...
yep mLa127 - the monthly
Posted by matt on 17th of Apr 2024 at 02:42 pm
yep mLa127 - the monthly chart has been giving warning signs for AAPL
First off there's some support here, but if lost strongly, the next major demand zone is 123 - low 140's. Also watch the trendline on the 14 RSI as a support/trigger
Next because AAPL has had such a big percentage move over the years, in order to be able to draw an uptrend line, a logarithmic chart is required, see the second image of the monthly Log chart - note how on the log chart you can draw an uptrend line from the 2009 lows, that trendline comes in around the mid 140's.
Note how you cannot draw the same trendline on the linear chart- this is a good example of when Log charts are useful- most of the time it doesn't matter if you are looking at daily charts but when you zoom out enough years the percentage moves gets too large that you need a log chart to draw proper trendlines
I still get the question every once in a while about linear vs log charts, this is good example of that
JUST KILLER INFO HERE!!!!!!!
Posted by kingpin15 on 17th of Apr 2024 at 02:43 pm
JUST KILLER INFO HERE!!!!!!!
thank you! was a good
Posted by matt on 17th of Apr 2024 at 03:00 pm
thank you! was a good opportunity to address log vs linear education since AAPL monthly was being discussed