Don't listen to the fear monger shorts who want AAPL to fall. The stock market is a combination of patterns, news, company performance, and self fulfilling prophecy's. The key thing I'm trying to touch on here is the self fulfilling prophecy part. People post their ideas here for a few reasons. Some people want to test their abilities in tracking and predicting stock directions and some are intentionally posting their charting with the intent to cause further doubt and bring down market sentiment. Some people are just posting their analysis to inform other people of the moves/direction that they think the stock is headed. If people are screaming in their title " APPLE Will Fall! Sell!" or the many other similar titles I've seen, it's more than likely that they want you to be scared of investing in the stock to drive the price to their target, don't buy (or sell lol) into the bs.
Now onto my chart, when a stock breaks long term channels and trends you can almost always find the secondary supporting channel that steps in to save the stock. It's not a doomsday scenario just because one channel broke.
Now onto my chart, when a stock breaks long term channels and trends you can almost always find the secondary supporting channel that steps in to save the stock. It's not a doomsday scenario just because one channel broke.