Apple IncShort
Topping Action on Apple?
After a multi-year uptrend on AAPL, we see some signs of weakness. After the large decline from a few weeks ago, we've had a relief rally. But liquidity remains low in the previous range (lower), and we could see a corrective price return to that range between the 0.50-0.618 next week. Were we to do that, you can see how the head-and-shoulders pattern would form.
But the bottom line is this: If we cannot get above the previous ATH, then you can expect a downmove.
But the bottom line is this: If we cannot get above the previous ATH, then you can expect a downmove.
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Disclaimer
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.