Apple A Buy? Not Yet + Altcoins Bear-Run!

I am seeing many ads on the news section here calling for a "BUY" on the Apple (AAPL) stock...
We say... Not yet.

It is true we have support weekly on EMA100 (blue line) but there is still plenty of room for additional drop.

As it is happening with the Altcoins bear-run... (more below), AAPL very likely has another major drop coming before the bear-run is over.


Additional chart signals

We have a lower high, while prices close below EMA10 trending lower.
snapshot

(There can be a bounce before lower prices).

Last time we had a similar correction, AAPL found support at the 0.618 Fib. retracement level.
This time around this level is set at 102.73.

When we look at the monthly chart, we can see prices closing below EMA10, aiming at EMA50... snapshot

Just like I explained in my BTC Dec. 2021 trade idea...
Bitcoin Monthly Full Chart Analysis @AlanSantana


This means that AAPL can still correct by an additional 25% if all goes good, it can be more.

The market moves in cycles...
Up and down, up and down...
The Up phase has been going forever for Apple, time to go down based on the signals coming from this chart.

Now, let's compare... The Altcoins.

See how they also went through a Bear-Run.
Once the bear run is over, many new opportunities will show up.

Cardano's Bear Run
Cardano's Bear Run


Solana's Bear Run
Solana's Bear Run


Ethereum's Bear Run
Ethereum's Bear Run


Bitcoin's Bear Run
Bitcoin's Bear Run


Binance Coin Bear Run
Binance Coin Bear Run


Terra's Bear Run
Terra's Bear Run


Polkadot's Bear Run
Polkadot's Bear Run


Thank you for reading.
Thanks a lot for your continued support.

Namaste.
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