Looks like AAPL may make a retracement back to 80 dollars. This would reach a good technical level on the Fibonacci Retracement since its last run that started a the beginning of last April, shortly after last crash. This 80$ level will also be the level it was at before Covid-19 devastated the world. This price action would be making it to the 78.34% retracement level and could be a strong signal to begin accumulating more AAPL stock. We can also see a tilted head and shoulders pattern at the top along with the 50 ema getting ready to 200 ema.
We can also see a bearish divergence on the MACD with the price making higher highs but the MACD failing to do so. I would expect at least a drop back down to 100 if not that 80$ level
This is not investment advice, just a guy who enjoys watching price action.
We can also see a bearish divergence on the MACD with the price making higher highs but the MACD failing to do so. I would expect at least a drop back down to 100 if not that 80$ level
This is not investment advice, just a guy who enjoys watching price action.