NicholasAmato

Apple On Critical Support

Short
NASDAQ:AAPL   Apple Inc
Apple failed the 9 MA indicating the short term has cooled. Apple is playing with the 50 DMA and the trendline support levels. Today's gap down invalidated the uptrend, came with higher volume, and and erased the prior bar's gains. I believe this to be a professional gap, ie: the market will continue in the direction of the gap for some time. Eventually, the gap may be filled but for the short to medium term time frame, I will be looking for the support levels to break and AAPL to continue on a downtrend
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