Unquestionably bullish, overextended and with a long stop at the previous high of $290. Disclaimer> This post is informational only. This post is not a trading or investment advice! Financial markets are inherently risky. Manage your position size carefully and honor your risk management which only you are responsible for!
While AAPL is knocking on the resistance area’s zone, the uptrend support just below seems quite unsustainable (May 22, 2023) Disclaimer> This post is informational only. This post is not a trading or investment advice! Financial markets are inherently risky. Manage your position size carefully and honor your risk management which only you are responsible […]
TSLA in a bullish flag on the daily. Disclaimer> This post is informational only. This post is not a trading or investment advice! Financial markets are inherently risky. Manage your position size carefully and honor your risk management which only you are responsible for!
Multiple support has a bigger significance than the lagging death cross on AAPL chart: stockscharts.com
With a few hours into the session, not much credit is being given into the MACD buy signal. The daily trend remains down and will be seriously challenged with a new 1-month high over $185 (we are far from there…). chart: stockcharts.com
It seems almost certain that AAPL will suffer a “death cross” in the next weeks (50-DSMA crossing below the 200-DSMA), for the first time in more than 3-1/2 years.b However, Bear in mind that this is a quite lagging indicator. chart: stockcharts.com
Petros Steriotis, CFTe, MSTA 