February might Top near $350 Don't fight the trend, stay zoomed to 1H - 4H - forget about the big picture
$AAPL weekly RSI has not been this high since it was <= $6/share. Not ready to short. May hit 384 first. Wait for lower RSI high then go all in.
NFLX showing signs of strength as it breaks out from descending wedge.
if it closes high, up to the sky if it closes low, don't to sell be slow
I thought we were going down a few weeks back based on the trend but it broke out of the pattern and we are having a bullish run this week. However, trade deal still has not seen any progress and we been trading in this bullish channel but as another week ends, be careful for a sharp drop to the previous trend line.
Same thing in AMZN as in FB although it already broke down immediate support. Second leg down. Watch long term support and former bottom as targets.
We are in the second leg of a large flat correction. Price could bounce off the long term support but ideally it should tag the former bottom.
Just as GOOG and FB, the trend in AMZN is dead. It's over for this growth stock for now. Could see it decline to 1000 or even worse 765, where it would have very strong support in the form of high historical volume and probably a decade old upward trendline to resume it's mature growth trajectory.
Same as FB and AMZN Google's trend is dead. Gap is smiling at us at 850, could go a bit deeper to 770 where high volume took place in the past.
Best momentum stock of the big 5 right now (AAPL, GOOG, FB, AMZN) with only AAPL still a hold. However GOOG, FB and AMZN all point towards a severe correction. If this occurs it could happen that MSFT and AAPL gets dragged along and will break it's upward trend.
Unlike FB, GOOG and AMZN. Apple still holds on to its decade old trend. Which keeps it on course to x5 in the coming decade. Not saying this will happen, but only sell when trend clearly breaks.
The market conditions are right for this Descending triangle. August will be a harry month.
With the monthly close looking bad, we should see a pull back to a new low
It's time to decide which direction the apple stock will go. Watch out closely the interest rate decision of the fed.
The support and resistance levels coincide in an uncanny manner with the Fibonacci retracements. Once again, the price was rejected off of what looks like a mini double top and has already (almost) made it to the support level. We may see a bounce to form what appears to be a triple top or a brief overshoot as the negative divergences on the PPO and RSI get...
AAPL is at the top of a wedge and we should see either a break out or rejection next week. Indicators suggest a bullish bias to break out from the wedge and begin making a run to $212 to $234. From there, the price will either top top and retrace, or begin marching on to $290. Buying calls with a few puts to hedge would be a good strategy.