Apple IncShort
Bearish Divergence. AAPL to retest $132?
Greetings All,
Multiple negative divergences (5) on AAPL 4H chart indicate today's v-shaped recovery may be short-lived. If AAPL does manage to push through $143.64 resistance, target the 38.2%, 50%, and 61.8% levels shown. However, I anticipate a retest of the $132 price area. Volume analysis, script courtesy of RedKTrader, indicates bearish control of AAPL.
I've included the 4hr Linear Regression channel, which is also bearish. The overlay should assist with identifying key resistance levels.
Multiple negative divergences (5) on AAPL 4H chart indicate today's v-shaped recovery may be short-lived. If AAPL does manage to push through $143.64 resistance, target the 38.2%, 50%, and 61.8% levels shown. However, I anticipate a retest of the $132 price area. Volume analysis, script courtesy of RedKTrader, indicates bearish control of AAPL.
I've included the 4hr Linear Regression channel, which is also bearish. The overlay should assist with identifying key resistance levels.
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