Deftsuo

Rising wedge formation on Apple, could head lower.

Short
NASDAQ:AAPL   Apple Inc
Apple ( AAPL ) is currently within a rising wedge formation; and the top of the wedge nearly coincides with the previous peak back between September and October of 2018. They also have some potential fundamental headwinds with the US/China trade tension, and the hype from their new Iphone and new apple products might begin to wane. The 225-230 level is proving to be a difficult resistance to break. The target of the rising wedge would put the price roughly around $180, but I am also watching the 50/100/200 day MA's as possible bounce points.

MA Guide (All daily for this post):
50 MA in Green.
100 MA in Yellow.
200 MA in Red.

-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.

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Comment: Still within the rising wedge formation. If price breaks above 230 and starts using that level as support, then the rising wedge would likely become invalidated:
Comment: Tagged that 230ish resistance level:
Trade closed manually: Wedge was invalidated.

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