EvanMedeiros
Short

bearish wedge continues to develop this week expect resolve soon

BATS:AAPL   APPLE INC
265 1 2
$AAPL             just an ugly bearish wedge continuing to develop this week as the S&P             puts together a 3%+ rally. these pivot highs all become important levels that the bulls really need to set their eyes on taking out. Chart remains oversold on most timeframes but within the context of a very bearish complacent downtrend . All eyes on previous 385 pivot low which seems all too obvious to be the true reversal point. If we slam down there today it would very likely offer a bounce (and maybe a good one) just given how and where we have come from but I would stay very suspect of that level becoming longer term true support.
Cmpas2
3 years ago
Looks like it tried to break down but got ahead of itself and bulls got upper hand. Thoughts going into next week?
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