I have had the blue lines drawn out since around April or so, and I have now gained to confidence to showcase my work.
I believe very soon AAPL, and many other stocks, will be hit with some bearish sentiment (whether around anti-trust or inflation, I do not know).
This is my idea for what will happen:
-Short term AAPL will hover around the red circle and follow the green line I drew.
-AAPL will hit a new ATH (around the EOY rally).
-AAPL will then trickle off down a bearish slope to find a new support, below any of the levels we have seen this past year.
Hopefully stonks only go up, but this is my bearish outlook on the tech powerhouse known as Apple.
I believe very soon AAPL, and many other stocks, will be hit with some bearish sentiment (whether around anti-trust or inflation, I do not know).
This is my idea for what will happen:
-Short term AAPL will hover around the red circle and follow the green line I drew.
-AAPL will hit a new ATH (around the EOY rally).
-AAPL will then trickle off down a bearish slope to find a new support, below any of the levels we have seen this past year.
Hopefully stonks only go up, but this is my bearish outlook on the tech powerhouse known as Apple.
Comment:
Looks like my peak idea was a little off, but it is following the line! (just at a higher price)