Apple Inc Peaked? Likely To Go Lower Short

Apple Inc.NASDAQ

Description

⋅ Sep 11, 2020 2:44 PM

Apple Inc (AAPL) printed a very strong bearish candle last week on high volume.

Here we have a potential peak.

We have a steep rising channel that is breaking apart and we have strong bearish divergence with the RSI.

Note: It is still too early to say though, a few more candles are needed for a better picture.

Closing below EMA10 would support the bearish view/potential.

Prices for Apple Inc (AAPL) are likely to drop.

Namaste.

Comments

Saeed966

⋅ Sep 11, 2020 2:51 PM

Thank you, my friend, for this analysis. I agree with you. Apple is expected to increase its sales when new devices are launched

sanius80484

⋅ Sep 12, 2020 3:57 PM

I agree with bearish sentiment also. I’m thinking we close the gap at 96 before end of September.

PolarHusk

⋅ Sep 12, 2020 6:31 AM

ThanksForSharing

sriz16

⋅ Sep 11, 2020 3:26 PM

Let’s hope that market moves somewhere , like this is so so boring . May cosmic energies shake up the market