The following LOG chart represent AAPL stock for the past 30 years or so. You will notice that since 1985 , each time the stock a hits it upper resistance, it is followed by a brutal decline in stock price. The stock hit that resistance again in 2012 , can expect another big decline ? ( stock already down ~ 36 % from it's high).
Basically , don't try to catch a falling knife.
Cheers
Algokid
SOURCE : Original material publish by Mr. Kimble at Kimble Charting Solutions.
Basically , don't try to catch a falling knife.
Cheers
Algokid
SOURCE : Original material publish by Mr. Kimble at Kimble Charting Solutions.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.