jdharward

APPL - Drop on 5/16

Short
NASDAQ:AAPL   Apple Inc
Looking at AAPL on the 30 minute. The stock price has been in decline, rallied on based off presidential tweets and trade war "news". Today's catalyst was Trump plans to delay auto tariffs by 6 months. That was enough to reverse a 200 point loss into a 120 point gain for the DOW.

On this surge, we have a rising price but declining volume divergence. (Bearish)

Looking at the green trend line (dotted line) you can see the price of AAPL has fallen upon reaching that trend line with a remarkable consistency

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