Apple Inc (AAPL) has broken below price support at 179.25, and the widest part of the Volume Profile called Point of Control (POC). Price tends to move towards or away from POC. The downside break of POC could be very bearish.
Note there is minimal support below 179.25. AAPL could quickly move down to its October 2023 bottom.
Note RSI still has not reached the oversold zone which begins at 30.00.
The AAPL break of support could be the prelude to a broader U.S. stock market decline.
Note there is minimal support below 179.25. AAPL could quickly move down to its October 2023 bottom.
Note RSI still has not reached the oversold zone which begins at 30.00.
The AAPL break of support could be the prelude to a broader U.S. stock market decline.
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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.