AAPL (Weekly) - SHORT!!
Massive divergence in stochastics and volume. Money has been flowing out of this stock since August. Target price $100. If it takes a spill look for a bounce to form a right shoulder. Keep an eye on short interest. GL!
Note
Keep in mind this original post was looking at Apple on the weekly. And it looks, bleak. On the daily, we're still in a channel that's moving upward. Accum/distribution is forming a pennant, which is red flag. We normally want to see continuity with price action. But I've decided to throw in this post in case we see a double top on the weekly. Look for a potential bounce on the daily in the channel pictured below, if you're considering (or have already) opened a short position: Note
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.