DarkSideOfTheMoon

Apple decision time is coming

NASDAQ:AAPL   Apple Inc
116 views
6
116 1
The stock has since broken out above the main formation and is "generally" speaking bullish (for now), but first it'll have to clear TWO resistance points stated above.

Two Scenarios:

1) If the stock manages to cross the intermediate trend line and cruise through both last highs, you're all good to go ('Neutral' to 'Buy' sentiment). It would allow the stock to enjoy a lift towards 250 and after a 'partial decline' (to the now dominated intermediate trend line ), allowing the stock to reach even higher highs of 280-300 (I personally doubt this will be the case but it would check out technically).

2) If the stock fails to touch the upper intermediate and break both resistances, you can measure the distance from point 'A1' to the last high and measure that same distance from point 'A2' (anywhere along that line) to the downside, which in my humble opinion will be around 280.

To me personally, everything screams negative on this chart as of now. Short term (days) it's bullish . We'll know more by mid October.
*180, not 280 lol
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out