Let`s summarize the facts:
1. the stock gained incredible 275% from March 2020 to February 2021
2. revenue and business outlook weaker than expected
3. it's currently below all moving averages
4. double top created (Feb 2021 / Jul 2021)
5. dead cross on 3rd Nov 2021
6. currently consolidating as bearish rectangle between range 195 and 177. the bearish rectangle...
Visa reported strong numbers but conservative outlook. This led to huge selling pressure the last days. The chart forms a head and shoulder pattern and totday neckline broke.
Take a look and let me know what you think. Thanks!
My idea for APPL trading long in the upcoming weeks. Please let me know your thoughts.
I don't believe that APPL hits the support of the triangle, but also depending market situation.
