Welcome to this quick analysis on APPLE!
Proceeding from the BREAKOUT from an upward channel in Jul 2018, we've seen a double topping pattern at 235, followed by a quick retracement and downward capitulation back down 140. In the past week, we've seen price action desperate to retest the 200MA (in red), only to fall back to the 100MA (in orange) - unlikely to prove itself as a strong support indicator, my best guess is for more downward momentum to ensue.
Don't be fooled by the oversold RSI, as the MACD seems to be rolling over, indicating a downtrend in full swing. Cross reference this to the weekly charts, the lower bound expected would be at the 150 range. Over the longer term, my best guess would be for a large wedge to form as price action stabilises.
Proceeding from the BREAKOUT from an upward channel in Jul 2018, we've seen a double topping pattern at 235, followed by a quick retracement and downward capitulation back down 140. In the past week, we've seen price action desperate to retest the 200MA (in red), only to fall back to the 100MA (in orange) - unlikely to prove itself as a strong support indicator, my best guess is for more downward momentum to ensue.
Don't be fooled by the oversold RSI, as the MACD seems to be rolling over, indicating a downtrend in full swing. Cross reference this to the weekly charts, the lower bound expected would be at the 150 range. Over the longer term, my best guess would be for a large wedge to form as price action stabilises.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.