a potential parabolic advance. I have changed my position completely,.. almost overnight.
is Decreasing , not Increasing in recent days, and to me that is a sign
that the buyers that wanted, and needed to buy AAPL are already in the stock at these price levels !
My new recommendation is to short any additional rallies in AAPL with appropriate size and build short position.
The stock may lead the next down leg in the market, when it comes, so be alert and be ready.
NFLX filled the GAP on the Daily Chart from 7/30/18 breakdown below 353 on 8/7/18
I always look at RSI and MACD on the Daily Chart to find confirming evidence and whether there are any divergences in play to be aware of.
Daily RSI is still below 50,and MACD is still below 0 , both indicators are still Bearish on the Daily Chart.
Any kind of breakout to the upside on the Daily RSI above 50, and Daily MACD going Positive would be a warning, if short,
that the rally off the 328 low still has further to go on the upside.