AAPL
Looks like Apple can't keep up the fight and it's about to take a dive as well.
News:
Apple doesn't seem to be able to take a break from lawsuits. But realistically, the lawsuits have not really impacted the price. So, I'm not too concerned with the EU lawsuit.
Charts:
EMA ( Exponential Moving Average ): Price action just finally joined the rest of the stock market below the 200 EMA (discount buying opportunity) Price is also below 20/50/100/200 EMA and are all pointing downwards! And yes, the death cross occured on April 28th; last week. How long would the 20 EMA stay below the 100 EMA? We are yet to find out.
TTM Squeeze: Squeezing to the bottom and to make matters worse, the price action is breaking a major support line (super trendline; at the bottom of the Rising Wedge pattern).
Fib Levels: If the price crosses below .618, then there is a huge possibility that we will see the price at the 1 fib ($144).
Candle Stick: A 3 black crow in the making; very bearish.
RSI: At 37, and slow stochastic pointing down, there is a probability that it would touch 30 which also mean that the sell momentum is still hot! But it is not yet over sold. I would would not be selling my shares because of the upcoming Dividends. I got in this for the faucet as well.
Pattern: The current candle closes green, it would be a double bottom but I'm not sure that will happen. Longterm, we have a Rising Wedge but in the short-tem it's a descending triangle? I don't know mann... Apple is putting up a good fight.
History: Forget it, best stock in the market!
STAKK