Apple Bearish Trend
Updated
From a TA point of view it's clear that we are facing a massive resistance on history higher, at the moment the up trend seems keep moving even if a bearish divergence is showing up with the RSI. Heiken ashi is also showing a trend that is getting weak. I would say to watch how the volumes are and also how the shadows of the candlesticks are forming. If we get smaller candles with longer up shadows then we can expect another drop to the nearest support zone
Note
I just spotted a double top pattern with a neck line at 240. Considering the RSI divergence and the strong resistance i think the price will bounce down to the neckline
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.