TSLA & AAPL April 30, 2024: Can These Laggards Return?During the uptrend from the beginning of 2024, both NASDAQ:TSLA and NASDAQ:AAPL were laggard among big caps as they not only could not advance, but step by step moved down the key MAs: MA50, MA150, MA200.
Even the shorter MA went down lower the longer MA.
There were signs that this can change soon.
At the close of April 29, 2024, both NASDAQ:TSLA and NASDAQ:AAPL closed above their own MA-50 for the first time since Jan 8, 2024 for NASDAQ:TSLA and Jan 30, 2024 for NASDAQ:AAPL
A chart of NASDAQ:AAPL to compare with NASDAQ:TSLA is given below.
This is the first sign that these stocks can stop decline further and start to setup some base or patterns to come back.
I am not buying both stocks now but I am closely looking for any base to form soon.