We want to focus on apples stock now as the 3 day is showing signs of a doji candle, ema dots shift red and the rsi shifts for a Crossover in overbought territory.
July 29th we get a close to see how valid this formation will setup. We want to see the candle close and begin to shift red also to align all indications. Hold your horses, let it play.
I have this...
There has been 2 major corrections in Apple since 2019. The first correction from October 2018 to January 2019 it dropped $90.75. The second correction, the beginning of the Corona virus pandemic, it dropped $117.37. If you take the average of the two corrections and subtract them from the all time high, that would be a retracement back to the 21 week moving...
Read image notes also.
The 3 gorges dam issue in China is heating up and is expected to break in the months of july and august 2020. Long story short, IF** this does happen, there will be consequences on the manufacturing market and Apple's production could be affected. Hence I am short fundamentally on Apple.
Trade hasn't presented itself yet. The short term...
💰 LET'S GET INTO SOME APPLE ANALYSIS!💰
1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤
(Overall Market Sentiment) 🐮 Bullish
- 3day Chart
- Green Engulfing Candle
- 3/3 EMA DOTS Green
Everything on this one still sits green with no interest to play it yet even based off of the overall current look on the market. On to the next....