PerennialSynergyAnalytics

$AAPL Has a Bullish Inverted H&S with a Positive Divergence

Long
NASDAQ:AAPL   Apple Inc
Here I have shown a bullish inverted head & shoulders pattern on $AAPL with a measured move to about 138.40 upon neckline breakout. If the pattern is to be somewhat symmetrical, than the neckline around 126 should be tested by Wednesday, Mar 24. The Truss Strength Index (TSI) s showing a positive divergence while the slow stochastics are extremely low, both indicating $AAPL is coiled up and may jump upwards soon. Furthermore, $AAPL's weekly Williams %R value is -87. Last time weekly close was less than -80 was Mar 16, 2020, then next week $AAPL went up 8%; second to last time was May 28 2019, then next week $AAPL went up 10%. What will happen next week? Well, both $AAPL's long-term and short-term chart point to a major rally soon.

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