Apple to NVIDIAApple vs. NVIDIA Chart Analysis
Does anyone know something we don’t? This chart compares Apple to NVIDIA.
As you can see, Apple relative to NVIDIA has completed a clear five-wave structure within a descending channel.
Price has now reached the end of wave 5 at the bottom of its 11-year channel, showing a very sharp reaction along with strong divergences in both RSI and MACD on the monthly and weekly timeframes.
Based on this, price appears highly likely to rise, potentially reaching at least the channel’s upper boundary.
Potential Scenarios
This chart outlines four possible scenarios:
1.Both stocks rise, but Apple outperforms NVIDIA.
2.Both stocks decline, but Apple’s drop is more limited.
3.NVIDIA declines, but Apple rises.
4.NVIDIA consolidates, while Apple rises.
The trigger comes from RSI, which, considering the lower timeframe divergence on Chart B, provides reasonable reliability.
For additional confirmation, one can wait for a key line breakout.
Final Notes
This is my personal analysis. I’d be glad to hear your thoughts.
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